East of England's hottest and coldest housing markets
The latest data from the Land Registry reveals that the average house price in the East of England is currently £365,100.
On average house prices in the East of England increased by 0.6% or £2,240 over the last month.
Over the last year (last 12 calendar months) average house prices in the East of England increased by 10.2% or £33,770.
However, across the East of England, there is a significant spread of house prices at the Local Authority level ranging from £231,500 in Great Yarmouth to £619,600 in St Albans.
East of England average house prices by local authority
We show in the chart below the average house price for every local authority across the East of England.
The three most expensive areas for house prices in the East of England are:
St Albans where average house prices are £619,600
Three Rivers, where the average house costs £591,500, and
Epping Forest where you can buy the average home for £548,900
The three least expensive areas for house prices in the East of England are:
Great Yarmouth where you can purchase the average home for £231,500
Ipswich with average house prices of £239,600, and
Fenland where the average house will set you back £249,100
East of England house price winners last month (percentage)
Across the East of England increased by 0.6% over the last month, however, within the East of England not all house prices increased by the same amount.
Over the last month house prices in the East of England increased the most in percentage terms in:
Mid Suffolk where average house prices increased by 3.2%,
Southend-on-Sea where average house prices rose by 2.8%,
Braintree where average house prices were up by 2.5%
The chart below shows the hottest 25 housing markets across the East of England where house prices increased the most in percentage terms over the last month. Do you live in one of the hottest housing markets in the East of England?
East of England absolute house price winners last month
When we look at the absolute (monetary) house price rises across the East of England last month, we saw the biggest house price increases in:
Mid Suffolk where house prices climbed by £11,070,
Southend-on-Sea where house prices increased by £9,900,
Braintree where house prices rose by £8,820
East of England relative house price winners last 12 months
House prices have increased significantly over the last 12 months in many areas of the East of England. On average across the East of England house prices have increased by 10.2%
The biggest house price winners in percentage terms across the East of England over the last year are:
Cambridge with average house prices up 16.2%,
Great Yarmouth, which has seen house prices increase by 15.8% over the last twelve months, and
Peterborough where house prices have risen, on average, by 15.6%
We show the top 25 housing markets, where house prices have increased the most on a relative (percentage) basis across the East of England in the chart below
East of England absolute house price winners last 12 months
Turning to the absolute or monetary increases in house prices across the East of England over the last 12 months, on average house prices increased by £33,770. We show the areas where house prices increased the most in the East of England below
Cambridge which has seen house prices increase by £75,800,
St Albans with house prices gains of £53,550,
Rochford where house prices have risen, on average, by £52,740
We show the East of England's top 25 housing markets in terms of absolute house price increases over the last 12 months in the chart below.
East of England relative house price losers last month
Unfortunately, house prices did not rise in every area of the East of England last month. The biggest relative house prices losers last month were:
Three Rivers where average house prices dropped by 3.3%,
Huntingdonshire where average house prices fell by 3.2%,
Uttlesford where average house prices were down 2.6%
We show the percentage changes in house prices for each local authority across East of England in the chart below
East of England absolute (monetary) house prices losers last month
In monetary terms, house prices in the East of England fell or increased the least in:
Three Rivers which saw house prices fall, on average, by £20,320,
Uttlesford where average house prices fell by £13,060,
Huntingdonshire where house prices were down £10,360
We show the monetary change in average house prices across each Local Authority across East of England in the chart below:
East of England relative house price losers last year
Whilst the average house prices in the East of England increased by 10.2% over the last twelve months, not all areas of the East of England performed as well.
At the bottom end of the East of England's annual house price table are:
Hertsmere where house prices have risen by 3.0%,
Welwyn Hatfield, with average house price inflation of 4.8%, and
North Hertfordshire with house price inflation at 5.8%
We show the percentage change in house prices over the last twelve months across every Local Authority in the South East in the chart below
East of England absolute house prices losers last 12 months
Finally turning to the monetary or cash changes to house prices in the East of England over the last year. Average house prices across the East of England increased by £33,770, but not all areas of the East of England performed as well. The areas which saw the worst house price performance in the East of England over the last year were:
Hertsmere which has seen house prices up by £15,550,
North Norfolk with house prices rise of £19,210,
Welwyn Hatfield where house prices have increased, on average, by £20,620
We show in the chart below the areas of the East of England with the worst absolute house price performance over the last 12 months.
