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  1. ITV Report

House prices still rising fastest in the East

The East of England is still leading the UK with the largest rise in house prices in the past year. Photo: ITV News Anglia

The East of England is still leading the UK with the largest rise in house prices in the past year.

The value of properties in the region rose by more than 10% in the year to February 2017 with the average price now at £281,665. The average price of a home across the UK is £217,502, which was up nearly 6%.

St Albans in Hertfordshire has the most expensive homes in the region with an average price of £527,000 while the lowest prices are found in Great Yarmouth, Norfolk at £159,000.

Cambridge is the only area in the East of England where house prices are falling. Credit: ITV News Anglia / David Hughes

After peaking at just below £450,000 in September 2016, Cambridge is the only part of the Anglia region where house prices have now started to fall.

In February 2017, the average property price in the city was £424,000.

The latest figures have been released by the Office of National Statistics using data from the Land Registry.

Fastest rising house prices in the Anglia region (Feb 2017)

  • Welwyn Hatfield, Hertfordshire - £396,000 (up 14.8% since Feb 2016)
  • Daventry, Northamptonshire - £277,000 (up 14.4%)
  • Braintree, Essex - £274,000 (up 13.9%)
  • Harlow, Essex - £272,000 (up 13.7%)
  • Maldon, Essex - £314,000 (up 13.6%)
The average price of a property in the East of England in February 2017 was £282,000. Credit: ITV News Anglia

Slowest rising house prices in the Anglia region (Feb 2017)

  • Cambridge, Cambridgeshire - £424,000 (down 1.9% since Feb 2016)
  • Rutland - £269,000 (up 1.6%)
  • Harborough, Leicestershire - £253,000 (up 2.6%)
  • South Kesteven, Lincolnshire - £194,000 (up 2.7%)
  • Dacorum, Hertfordshire - £392,000 (up 4.1%)