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House prices soaring in East of England

House prices in the East of England are increasing faster than almost anywhere else in the country.

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Cambridge house prices increase five-fold in two decades

House prices in Cambridge have risen faster than any other part of the UK outside London. Credit: ITV News Anglia

House prices in Cambridge have risen five-fold in since 1995 according to new figures released by the Office of National Statistics.

The median sale price of a house in the city in 2014 was £350,000, up from £70,000 in 1995. That is a 400% increase and the biggest rise of any area of the country outside London.

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