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

Posted on: Thursday, June 24, 2021

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.

 

 

Read What Our
Customers Say

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We really wanted a purchase to go ahead through Wilkes-Green and Hill as you have been the most helpful agent we have ever come across (including Newcastle, Glasgow and Carlisle cities!) and we are sorry that the time you have expended on us has been in vain...

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Thanks to you all for making the sale of Mum's house so easy at a difficult time for myself and family...

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I've bought and sold many places - leading to a low opinion of estate agents! Until you came along! Many thanks for your professionalism, hard work and continued efforts. They are very much appreciated.

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Thanks for all your hard work and brilliant service!

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It's not very often that you come across someone so helpful and enthusiastic that it makes you smile!!Moving house was supposed to be stressful; thanks for making it so easy!! Your professionalism and hard work is much appreciated.

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You have handled the situation admirably, as have your staff...

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I would like to say again how grateful I am for all of your support since you took the property on to your books and all of the advice you have given me which was often above and beyond the call of duty. Your professionalism throughout has been excellent...

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A very big thank you to all of you for really fantastic service...definitely 5-star!

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...for your attention to detail and always returning my calls...

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...we would like to thank you, Gayle, Amanda and Tracy for all your help and kindness over the last 5 years, which has helped us tremendously. We also appreciate that you have gone the extra mile in several circumstances knowing that we were so far away...

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Having recently used 3 other agents I can say with hesitation that WGH are in a different league, very professional, efficient, polite and friendly. 3 other agents have marketed my house which only achieved 2 viewings in total. I had 2 viewings with WGH in the first week which I put down to their marketing skills

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WG-H couldn't have been more helpful, queries were answered immediately by professional courteous staff , and they even offered to turn the heating up in our holiday house when the weather was particularly cold. Gayle would ring us during an evening to respond to our query , if required and Amanda even paid a cheque into our bank account. What a lovely company to work with.

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Adrian and his team have been amazing from start to finish. Very polished team, with the highest standards. I have recommended them to friends and family who have also been impressed by them.

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