Book a Property Valuation
News & Legislation June 24, 2021
     

Regional Property Market Update Summer 2021: Essex, Norfolk and Suffolk

2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratio across the East of England is at a record high (RICS). At 3.7%, the annual rate of housing stock turnover across Essex, Norfolk and Suffolk is above the UK average. Levels currently exceed 4% in the most active markets.

 

Essex Norfolk and Suffolk annual rate of price change regional property market report statistics

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the East of England is substantially stronger than the 0.4% recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in six local areas in the Essex, Norfolk and Suffolk region. 

 

Essex Norfolk and Suffolk annual rate of price change regional property market report stats

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the East of England is 43 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE ESSEX NORFOLK AND SUFFOLK REGIONAL PROPERTY MARKET REPORT

 

Properties for sale in the Essex, Norfolk and Suffolk region of the UK

Ipswich, Suffolk, 5 bedrooms

This distinctive detached residence of substantial proportions is located within a desirable prime residential avenue to the Northwest of Ipswich. Impressively extended and remodelled to a superior standard throughout and situated in grounds approaching a third of an acre, the exquisitely styled living space is arranged over three levels. Key features include an open-plan lounge-kitchen-diner, an elevated balcony roof terrace, home office, cinema/games room and an extensive garden with a heated swimming pool, entertainment patio and summerhouse.

Brentwood, Essex, 7 bedrooms

This exceptional family home sits behind electric gates and boasts a total of seven bedrooms arranged over four levels, including a large basement. Beautifully presented throughout, having been fully refurbished by the present owners to a luxurious standard, the range of accommodation and level of finish is superb. It is also rare to find a property of this size within such short walking distance of Brentwood Railway station and within easy reach of local schooling.

Braintree, Essex, 6 bedrooms

This delightful home in Braintree benefits from an annex plus three reception rooms, a huge living area and six double bedrooms. There is also a recently fitted kitchen, three bathrooms, a conservatory and a private garden.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

An Interview with Ferndown Estates

Winter 2021 Market Report: A Busy Year

Regional Property Market Update Winter 2021: London

Regional Property Market Update Winter 2021: Southern Home Counties - Surrey and West Sussex

All Agents Best Sales Branch of the Year 2020 Graphic

All Agents Best Lettings Branch of the Year 2020 Graphic

All Agents Best Lettings Branch of the Year 2020 Graphic

gbp_awards

Facebook Logo Twitter Logo   Youtube Logo   Instagram Logo   Linkedin Logo

Contact Us

35 Victoria Road
Romford
Essex
RM1 2LH

T: 01708 504455
E:
info@gbpestates.co.uk


2018 © GBP Estates. All rights reserved. Terms and Conditions | Privacy Policy | Cookie Policy
GBP Estates Limited. Registered in England.  Company No: 06672668
Registered Office Address: 35 Victoria Road, Romford, Essex, RM1 2LH.  VAT Registration No: 938 6295 75

About us

The GBP Group was created to provide solutions for all of your property needs with over 35 years combined experience, local and national knowledge, we are here to help you. From selling your family home, letting your investment property, choosing the right land for your residential or commercial development, dealing with a finance enquiry or day to day property management issues. Our experienced sales team helps purchasers, tenants, investors deal with any aspect of assisting their next move.

Built by The Guild of Property Professionals Logo

Please, enter your text here
Please, enter your text here
Please, enter your text here