New analysis of the latest ONS figures has revealed that the average house price in Oxfordshire has grown at a much lower rate than the national average compared to five years ago.
The study, by debt specialists IVA Advice, compared the average price of a house in February 2016 to February 2021, across more than 400 areas of the UK.
It found that the average house price in Oxfordshire in February 2016 was £331,173, and in the most recently available figures for February 2021, it stood at £370,612 – an increase of 11.9%.
South Oxfordshire saw the highest price increase, going from £382,670 in February 2016 to £439,453 in February 2021, a rise of 14.83%. That makes it the most expensive area for houses in Oxfordshire.
The Vale of White Horse recorded the second biggest increase of 12.58%, up from £324,949 in 2016, to £365,852 in 2021.
Oxford’s average house price in February 2016 stood at £393,453, and went up by 10.65% to £435,371 in February 2021.
House prices in West Oxfordshire have risen by 10.57% between February 2016, when the average was£301,101, and February 2021, when it was £332,933.
Cherwell is the area with the lowest average house price in Oxfordshire, and the smallest increase in the past five years. In February 2016 the average was £277,190, and has increased by 10.17% to £305,406.
Across the UK, the average house price in February 2016 was £205,555, while the latest figure stands at £250,340 – an increase of 21.78%. Despite a lower price increase in Oxfordshire, the average house price remains more than £100,000 higher than the UK average.
Comparing the four nations of the UK, Wales has seen the biggest increase in average house price over the past five years – 26% - going from £142,711 in 2016, to £179,860 in 2021.
Northern Ireland isn’t far behind, showing a 24.18% increase, with the average price rising from £118,850 to £147,592.
England’s average house price has gone from £220,626, to £268,291 – an increase of 21.6%.
Scotland has seen the lowest rise, 19.98%, as the average cost of a house in 2016 was £134,625, compared to £161,529 now.
The research was carried out by IVA Advice, which provides free, qualified advice to help people solve their debt problems for good. Its team of experienced experts help ensure that anyone who has problems with debt is able to reclaim financial control.
Oxfordshire average house price changes over the past five years, by IVA Advice
| Region Name | Average Price in February 2021 | Change after 5 years | Average Price in February 2016 |
| Oxford | £435,371.75 | 10.65 | £393,453.51 |
| South Oxfordshire | £439,453.17 | 14.83 | £382,670.97 |
| Vale of White Horse | £365,852.00 | 12.58 | £324,949.44 |
| Cherwell | £305,406.19 | 10.17 | £277,190.88 |
| West Oxfordshire | £332,933.90 | 10.57 | £301,101.18 |
| Oxfordshire | £370,612.05 | 11.90 | £331,173.31 |
