Mainstream house prices are expected to rise by 10.4 per cent in the Kent over the next five years.
New figures from estate agents Savills show the average cost of a home in the region is predicted to rise to £485,553 by 2026 compared to the current average of £439,813.
The increase is slightly less than that forecast for the UK as a whole, with prices expected to rise by 13.1 per cent over the next five years and by 3.5 per cent in 2022 alone.
It means the average cost of a home in the UK would increase by just over £43,000.
David Johnston, head of residential sales at Savills Sevenoaks, believes that while there is likely to be less urgency in the market next year, demand for property in popular towns and villages is set to continue.
He said: “With its connectivity to London, excellent schooling, variety of high quality housing stock and access to lots of green space and open countryside, Kent has always been – and will continue to be – a popular choice for a wide number of buyers.
“A shortage of available properties on the market also means that homes in the most popular towns and villages will continue to be in high demand.
“There will always be areas that buck the trend and perform better than the wider forecasts. However, setting a realistic asking price from the start will be key to maintaining momentum as we move into the new year.”
How does this compare to house growth prices over the last decade?
Over the last ten years house prices across Kent have grown by a whopping 68.3 per cent.
Back in 2011, the average house price in the county was just £190,945 compared to an average of £321,431 now.
The area which saw the highest increase in house prices was Thanet, where the average house value shot up from £145,379 to £271,393 – a colossal 86.7 per cent.
Likewise, prices in Dartford increased by 83 per cent from just over £179,000 to £328,602.
Despite this, Maidstone is considered one of the most sought after towns in Kent after more than 1,200 moved into the area this year.
The district which saw the lowest rise in average house prices was Tunbridge Wells – increasing by just 56 per cent from £263,634 to £411,301.
The spa town saw a pretty gradual growth however, with one of the highest annual increases of 11.2 per cent.
Whilst the predictions for the average house price growth in Kent over the next five years might seem startlingly high – they pale in comparison to the figures from the last decade.
Each Kent district ranked by largest average property value price growth in the last 10 years.
Thanet – 86.7%
Dartford – 83.2%
Sevenoaks – 70.7%
Gravesham – 67.8%
Ashford – 66.4%
Tonbridge and Malling – 66.0%
Swale – 65.4%
Canterbury – 65.1%
Dover – 64.4%
Folkestone and Hythe – 64.1%
Maidstone – 62.5%
Tunbridge Wells – 56.0%