House prices in Cherwell district: the places across the Banbury area where average prices increased the most in the last year despite Covid crisis
Eight areas of the Cherwell district where house prices increased the most in the last year
The coronavirus pandemic caused an unprecedented economic shock in the UK, closing businesses and putting people out of work left, right and centre.
But despite that, average house prices held up across England – even if there was a drop in sales.
It was a different picture in the Cherwell area however, where prices fell by -3.3% in the year to September 2020. Across the South East region, prices rose by 3.4%.
Despite the overall average fall in house prices in the district, several places saw price rises.
The ONS also publishes house price figures by Middle Layer Super Output Areas (MSOAs) – small geographic areas containing an average of 7,200 people.
These show that eight of the 19 MSOAs that make up Cherwell district saw a rise in house prices over the same period.