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 £343,900.

On average house prices in the East of England decreased by 0.8% or £2,890 over the last month

Over the last year (last 12 calendar months) average house prices in the East of England increased by 10.9% or £33,860.

However, across the East of England, there is a big spread of house prices at the Local Authority level ranging from £206,400 in Great Yarmouth to £588,000 in St Albans. The average price of a home in Harborough is almost three times the average house price of a home in Great Yarmouth.

We show the average house prices at a local authority level across the East of England in the chart below

East of England house price winners last month (percentage)

The hottest housing market in the East of England last month in relative terms was Bedford, where house prices increased by 3.2%.

After Bedford, Uttlesford saw the biggest percentage house price gains last month up 3.1%, closely followed by Rochford where house prices rose by 3.0%.

We show the top 25 housing markets in the East of England in the chart below.

 

East of England absolute house price winners last month

In monetary terms, the hottest housing market in the East of England over the last month was Uttlesford, where the average house price increased by £14,490.

The second-largest house price gains were seen in Three Rivers, where average house prices rose by £10,860.

In third place last month in the East of England was Rochford where average house prices increased by £12,210.

We show the 25 biggest house price rises in the East of England over the last month in the chart below

East of England house price winners last 12 months (percentage)

The three hottest housing markets in the East of England over the last year (12-months) in percentage terms have been:

Fenland, which saw house price gains of 19.2%

East Cambridgeshire, where house prices have increased by 18.8% and

Bedford where over the last 12 months house prices have increased by 17.5%

We show the 25 hottest housing markets in the East of England in the chart below  

East of England absolute house price winners last 12 months 

Over the last 12 months, the biggest absolute house price increases across the East of England have been in:

East Cambridgeshire where average house prices have increased by £56,100 on average.

Maldon, where average house prices have increased by £55,550, and

Uttlesford which has seen house price gains of £53,960

East of England house price losers last month (Percentage)

House prices fell last month across a number of local authorities in the East of England. The biggest relative house price falls in the East of England last month were in:

Broxbourne where house prices fell by 1.4% on average

Great Yarmouth where average house prices fell by 1.3%, and

Babergh, which saw average house prices fall by 1.2%

East of England biggest house price losers last month 

Broxbourne saw the biggest absolute house price falls last month, with average house prices falling by £5,080. Broxbourne was closely followed by Babergh, where average house prices fell by £4,220

in third place in terms of absolute house price falls in the East of England last month was Chelmsford, which saw house prices decline by £3,480, on average.

East of England house price losers last 12-months (Percentage)

Broxbourne where house prices have risen by 2.4% over the last 12 months,

Dacorum, where house prices have risen by 3.7% over the last 12 months, and

Watford, which has seen its average house prices rise by 4.8% over the last 12 months

East of England absolute house price losers last 12-months 

The coldest housing markets in the East of England in absolute terms are Broxbourne, where house prices have risen, on average by £8,520  over the last 12 months. 

Dacorum, which saw house prices rise by £15,570, and 

Ipswich, where average house prices increased by £15,700