Wellingborough in Northamptonshire has the fastest rising house prices in the UK, say new government statistics. Prices there soared 15% in the year to August 2017, with the average costing £215,000.
In both the East of England and the East Midlands prices were up 6.4% from last year, more than double the rate of inflation. However, several areas including Mid Suffolk, East Northants and Peterborough were hit with house price rises of over 10%.
House prices in the region are now the highest in the UK outside of London and the South East. The average UK house price was £226,000 in August 2017. In St Albans, where house prices are the highest in the region, the average was £526,216.
Welwyn Hatfield was the only place in the region where prices dipped and the lowest average house prices were seen in Great Yarmouth (£161,992), Corby (£178,131), and Fenland (£179,984).