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  1. ITV Report

House price rises falter in the East of England

House prices in the East of England rose by 0.5% between January and February 2014 Photo: PA

The rise in house prices in the East of England has fallen behind national averages according the biggest property survey in the UK.

According to the Land Registry, which records details of every sale in the country, the average cost of a house rose by 0.5% in the East between January and February 2014, a lower rise than across England as a whole of 0.7%.

In the East Midlands, which includes Northamptonshire and Lincolnshire, prices fell marginally by 0.1% over the same period.

The average property price in the East of England in February 2014 was £183,285 and in the East Midlands it was £127,343.

The average property price in the East of England in February 2014 was £183,285 Credit: PA Wire

Compared with a year ago, the price of property in the East of England has still risen faster than most other places in England and Wales. The rise in the year to February 2014 was 6.2% compared with a national average of 5.3%. Prices have risen faster on in London (up 13.8%) and the South East (up 7.1%).

The Anglia region has also seen the biggest fall in repossessions of anywhere in England. There were 62 in the region in December 2013 down by 53% compared with the previous December.

Average house prices in the East of England since January 1995. Credit: Land Registry

These are the annual changes in house prices in counties and unitary authorities in the Anglia region in February 2014:

  • Bedford - £159,615 - up 5.4%
  • Cambridgeshire - £185,414 - up 3.8%
  • Central Bedfordshire - £179,621 - up 5.4%
  • Essex - £194,901 - up 4.6%
  • Hertfordshire - £255,642 - up 6.4%
  • Luton - £130,290 - up 2.9%
  • Milton Keynes - £160,803 - up 2.2%
  • Norfolk - £148,557 - up 4.0%
  • Northamptonshire - £139,566 - up 3.5%
  • Peterborough - £109,542 - up 1.4%
  • Rutland - £213,774 - up 4.9%
  • Southend - £160,356 - up 6.4%
  • Suffolk - £158,925 - up 4.1%
  • Thurrock - £145,256 - up 2.2%