HOUSE prices increased more than average for the South East in Oxford in September, new figures reveal.

But the boost does not reverse the longer-term trend, which has seen property prices in the region suffer a 1.8 per cent annual decline .

The average Oxford house price in September was £418,410, Land Registry figures show – a 2.5 per cent increase on August.

Over the month, the picture was better than that across the South East, where prices increased one per cent and Oxford outperformed the 0.2 per cent drop for the UK as a whole.

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Over the last year, the average sale price of property in Oxford remained level – putting the area 48th among the South East’s 67 local authorities for annual growth.

The best annual growth in the region was in Ashford, Kent, where properties increased on average by six per cent to £311,000.

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At the other end of the scale, properties in West Oxfordshire dropped 5.4 per cent in value, giving an average price of £319,000.

Owners of detached houses saw the biggest improvement in property prices in Oxford in September – they increased 2.8 per cent, to £829,234 on average– but over the last year, prices dropped by 1.7 per cent.

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First-time buyers in the city spent an average of £ 371,300 on their property – £8,000 less than a year ago, and £52,500 more than in September 2014.

Buyers paid 27.1 per cent more than the average price in the South East (£329,000) in September for a property in Oxford.

Across the South East, property prices are high compared to those across the UK, where the average cost £234,000.

The most expensive properties in the South East were in South Buckinghamshire – £609,000 on average, and 1.5 times as much as in Oxford.