House Prices Surge In East of England

Mon 20 Feb 2017

Last week’s latest property report by has highlighted the rapid appreciation of property prices across our region, the East of England. This explosive price growth reverses previous falls in December and January and takes the average home price (both regionally and nationally) to a new all-time high.

Average home prices in the East of England have grown by 9.9% year on year – twice as fast as the next best region (East Midlands).

Tim Lovett, Managing Director at Lovett’s says “Quarter 4 of this year has been extremely busy for us, with both Sales and Lettings activity defying all the negative property market stories in the media at present. However there is a concern that with supply also rising fast (8% year on year), this cannot be sustainable as peoples earnings and rents are being left behind.  

At present, the average property price is 10.8 times the average salary across the region, with rents accountable for 42% of the monthly wage. This seems to be an eastern bubble as the supply of property entering the market nationally dropped by 5% year on year. 

"The staff are so accomodating and easy to communicate with. A lovely letting agent that sorted our transaction smoothly.:)"
Abigail Harding

News Archive

July 2020

A guide to deposit protection schemes

June 2020

Meet The Team - Q&A Series: Anthony Charters

NEW electrical safety standards in force from 1st July.

May 2020

Re-opening the Housing Market: Our Approach

March 2020

Corona Virus - Tenant Update

February 2020

Meet The Team - Q&A Series: Amy Duffy

Meet The Team - Q&A Series

January 2020


August 2019

5 top tips to ensure you find the best tenants

July 2019

How To Make Your New House A Home

June 2019

6 top tips for a smoother property transaction

We now officially have an award-winning Sales Team!

February 2019

In Conversation: Q&A With David Hawkes, Land & New Homes Director

Are you prepared for the forthcoming Letting Fees Bill?

January 2019

BREAKING: Stricter rules for mandatory electrical checks

Fitness For Human Habitation Act Becomes Law

Fitness For Human Habitation Act is now live, but what does this mean for Landlords?

Why is pays to use an agency that specialises in land deals

October 2018

Self managing? How evicting a tenant could fail spectacularly

September 2018

How we handle the three D’s – Death, Divorce & Debt

August 2018

First time buyers outstrip movers for first time in 23 years

July 2018

What does the profile of a modern landlord now look like?

Could your garden offer you the financial security we all strive for?

The top 4 things that put off UK homebuyers on viewings

House sale failures in the UK fell from record high in first quarter of 2018