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  1. ITV Report

House prices nearly quadruple in the Anglia region

House prices in the East have nearly trebled in the past two decades. Photo: ITV News Anglia

House prices in the Anglia region have nearly quadrupled in the past two decades according to new figures released by the Office of National Statistics.

In Cambridge the median average price of a house had gone up by 400% between 1995 and 2014 making it the highest rise in the country outside of London.

70,000
Median house sale price in Cambridge in 1995
350,000
Median house sale price in Cambridge in 2014
The median house price in the Anglia region in 2014 was £211,754 Credit: ITV News Anglia

Across the Anglia region the median sale price of a house was £211,754 in 2015 compared to £56,185 in 1995. That's a rise of 277%.

Among the other housing hot spots were Southend, St Albans, Chemsford, Norwich and Milton Keynes.

Top ten house prices rises in the Anglia region 1995-2014

  • Cambridge - up 400%
  • St Albans, Hertfordshire - up 365%
  • Southend, Essex - up 334%
  • Epping Forest, Essex - up 325%
  • Chelmsford, Essex - up 317%
  • Norwich, Norfolk - up 308%
  • Brentwood, Essex - up 300%
  • Maldon, Essex - up 297%
  • Babergh, Suffolk - up 295%
  • Milton Keynes - up 294%

Howard Archer, chief UK and European economist at IHS Global Insight, said: "We forecast house prices to increase 6% in 2015 and then by a further 5% in 2016.

"We expect support for housing market activity to come from current very low (in some cases record low) mortgage rates, strengthening earnings growth, rising employment and elevated consumer confidence."

He said that stamp duty reforms in December 2014, which made the tax cheaper for the majority of home buyers liable to pay it, should also help the market, and continued: "Additionally, reduced uncertainty following May's general election appears to have given a lift to buyer interest."

One forecast expects house prices to rise 6% in 2015. Credit: Yui Mok/PA Wire

How house prices have risen in your council area between 1995 and 2014

Bedfordshire

  • Bedford - up from £53,000 to £205,000 (+287%)
  • Central Bedfordshire - up from £58,000 to £225,000 (+288%)
  • Luton - up from £44,500 to £168,000 (+278%)

Buckinghamshire

  • Aylesbury Vale, Bucks - up from £70,000 to £250,000 (+257%)
  • Milton Keynes - up from £52,950 to £208,750 (+294%)

Cambridgeshire

  • Cambridge - up from £70,000 to £350,000 (+400%)
  • East Cambridgeshire - up from £59,950 to £212,000 (+254%)
  • Fenland - up from £41,750 to £141,000 (+238%)
  • Huntingdonshire - up from £58,000 to £198,250 (+242%)
  • Peterborough - up from £42,000 to £150,000 (+257%)
  • South Cambridgeshire - up from £75,250 to £269,995 (+259%)
Cambridgeshire has seen some of the steepest house price rises in the country. Credit: ITV News Anglia

Essex

  • Basildon - up from £58,500 to £210,000 (+259%)
  • Braintree - up from £56,000 to £210,000 (+275%)
  • Brentwood - up from £77,500 to £310,000 (+300%)
  • Castle Point - up from £57,000 to £220,000 (+286%)
  • Chelmsford - up from £59,995 to £250,000 (+317%)
  • Colchester - up from £53,000 to £195,000 (+268%)
  • Epping Forest - up from £80,000 to £340,000 (+325%)
  • Harlow - up from £57,500 to £200,000 (+248%)
  • Maldon - up from £60,000 to £238,000 (+297%)
  • Rochford - up from £62,000 to £240,000 (+287%)
  • Southend-on-Sea - up from £47,000 to £204,000 (+334%)
  • Tendring - up from £46,500 to £163,000 (+251%)
  • Thurrock - up from £50,625 to £192,500 (+280%)
  • Uttlesford - up from £82,500 to £315,000 (+282%)

Hertfordshire

  • Dacorum - up from £72,500 to £280,000 (+286%)
  • East Hertfordshire - up from £75,000 to £291,000 (+288%)
  • North Hertfordshire - up from £66,950 to £249,995 (+273%)
  • St Albans - up from £89,000 to £414,000 (+365%)
  • Stevenage - up from £53,000 to £143,500 (+271%)
  • Welwyn Hatfield - up from £71,000 to £270,000 (+280%)

Leicestershire and Rutland

  • Harborough - up from £59,000 to £221,000 (+275%)
  • Rutland - up from £66,500 to £218,000 (+228%)

Lincolnshire

  • South Holland - up from £44,750 to £148,000 (+231%)
  • South Kesteven - up from £51,000 (+230%)
House prices in Norwich have risen by 308% since 1995. Credit: Joe Giddens/PA Wire

Norfolk

  • Breckland - up from £47,250 to £170,000 (+260%)
  • Broadland - up from £54,500 to £195,000 (+258%)
  • Great Yarmouth - up from £41,000 to £140,000 (+275%)
  • King's Lynn & West Norfolk - up from £45,000 to £163,000 (+262%)
  • North Norfolk - up from £51,000 to £195,000 (+282%)
  • Norwich - up from £39,000 to £159,000 (+308%)
  • South Norfolk - up from £53,550 to £195,000 (+264%)

Northamptonshire

  • Corby - up from £36,000 to £132,250 (+267%)
  • Daventry - up from £59,000 to £205,000 (+247%)
  • East Northamptonshire - up from £44,600 to £159,995 (+259%)
  • Kettering - up from £39,150 to £150,000 (+283%)
  • Northampton - up from £44,000 to £157,500 (+258%)
  • South Northamptonshire - up from £65,500 to £245,000 (+274%)
  • Wellingborough - up from £42,000 to £145,000 (+245%)

Suffolk

  • Babergh - up from £55,000 to £217,500 (+295%)
  • Forest Heath - up from £50,160 to £162,500 (+224%)
  • Ipswich - up from £42,000 to £152,750 (+264%)
  • Mid Suffolk - up from £56,000 to £195,000 (+248%)
  • St Edmundsbury - up from £54,950 to £215,000 (+291%)
  • Suffolk Coastal - up from £60,000 to £230,000 (+251%)
  • Waveney - up from £44,500 to £151,250 (+240%)