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East of England property prices continue to rise

October 7th 2017
By: Melanie
East of England property prices continue to rise

Latest property figures from LSL/Acadeta E & W House Price Index showed that despite the recent economic turmoil in the UK house prices continue to show record annual growth.

Property in the East of England rose by 5.5% as it remains popular with buyers, especially Londoners who are looking for better value property than they can find in the Capital.

London prices on the other hand showed a regional house price growth of just 0.7%.

Transactions in August despite the fact that it’s usually a slower time of year due to the holiday period were up by 6% compared to July.

It also remains a positive picture for rentals in England and Wales with the average rent now being £904 this month, with nine out of ten regions seeing price increases year on year. Tenants have also improved their finances which in turn will mean that we will see rental arrears improve too.

The shortage of rental stock in the UK remains a problem for people looking to rent as demand continues to outstrip supply.