HOUSE prices in Bournemouth, Christchurch and Poole have increased from £245,188 in September 2015 to £309.741 in September 2021.

This is a 26% increase of £64,553, according to the Land Registry.

James Scollard, owner of Clifftons Independent Estate & Letting Agents, said: “House prices in Bournemouth, Poole & Christchurch were above the UK national average 5 years ago and remain in the same position today.

“The property market is resilient and there is currently a lack of supply causing a strong buyer demand, we don’t foresee this changing anytime soon.

“Asset values tend to increase when there is inflation in the wider economy and as such, we expect this demand to remain in place well into 2022.”

Nationally, nearly 12 million homes have increased in value by the national average of £49,000 or more over the past five years.

The value of the UK's homes currently stands at £9.2tn - four times the UK's GDP

Lottie Evans Property Consultant at Meyers Estates Bournemouth, said: “We have seen a huge increase in property prices, locally and across the UK.

“The reason for this increase is due to a lack of stock, which has created a supply and demand issue. We have seen the number of buyers vastly outweigh the number of properties on the market, which has caused a rise in prices.”