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 £345,700.
On average house prices in the East of England decreased by 0.8% or £2,790 over the last month.
Over the last year (last 12 calendar months) average house prices in the East of England decreased by 0.0% or £0.
However, across the East of England, there is a significant spread of house prices at the Local Authority level ranging from £204,900 in Great Yarmouth to £588,200 in Three Rivers.
East of England average house prices by local authority
We show in the graph below the average house prices for every local authority across the East of England.
The three most expensive areas for house prices in the East of England are:
Three Rivers where average house prices are £588,200
St Albans, where the average house costs £577,600, and
Hertsmere where you can buy the average home for £539,900
The three least expensive areas for house prices in the East of England are:
Great Yarmouth where you can purchase the average home for £204,900
Fenland with average house prices of £225,700, and
Ipswich where the average house will set you back £230,400
East of England house price winners last month (percentage)
Across the East of England decreased by 0.8% over the last month, however, within the East of England not all house prices decreased by the same amount as shown below:
Over the last month house prices in the East of England increased the most in percentage terms in:
Cambridge where average house prices increased by 3.0%,
Uttlesford where average house prices rose by 1.4%,
Babergh where average house prices were up by 1.3%
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:
Cambridge where house prices climbed by £14,850,
Uttlesford where house prices increased by £6,770,
Welwyn Hatfield where house prices rose by £4,700
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 decreased by 0.0%
The biggest house price winners in percentage terms across the East of England over the last year are:
East Cambridgeshire with average house prices up 12.1%,
Peterborough, which has seen house prices increase by 6.0% over the last twelve months, and
South Norfolk where house prices have risen, on average, by 5.8%
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 £0. We show the areas where house prices increased the most in the East of England below
East Cambridgeshire which has seen house prices increase by £39,600,
Uttlesford with house prices gains of £26,880,
Broxbourne where house prices have risen, on average, by £19,540
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:
Fenland where average house prices dropped by 4.1%,
West Suffolk where average house prices fell by 3.7%,
Great Yarmouth where average house prices were down 3.5%
We show the percentage changes in house prices for each local authority across the 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:
West Suffolk which saw house prices fall, on average, by £11,590,
Epping Forest where average house prices fell by £11,180,
Brentwood where house prices were down £11,030
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 decreased by 0.0% 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:
Great Yarmouth where house prices have fallen by 4.2%,
Fenland, with average house price deflation of 3.6%, and
East Suffolk with house price deflation at 2.3%
We show the percentage change in house prices over the last twelve months across every Local Authority in the East of England 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 decreased by £0, 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:
Great Yarmouth which has seen house prices down by £8,980,
Fenland with house prices fall of £8,430,
East Suffolk where house prices have decreased, on average, by £7,010
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.
