REGIONAL INSIGHT
George Bramley
Head of East England Sales
Prices have continued to rise in East Anglia, with both rural and coastal hotspots still at the forefront of buyers’ minds. Additionally, the region has benefitted from the staycation trend. Schools with Ofsted ‘outstanding’ rankings and areas with good connectivity for commuting continue to be on many buyers’ wish lists. 2022 saw many families leave London for a change of lifestyle. Many of those still working in the office are prepared to extend their normal commute. Suffolk and Norfolk have become more accessible as a result. Looking ahead, despite the uncertain economic backdrop, the combination of lack of supply and high level of demand continue to make the region attractive for many. We expect East Anglia to go from strength to strength.
“The combination of lack of supply and high level of demand continue to make the region attractive for many”
Highest value sale in 12 months to October 2022
£3.5m
SQUARE FOOT
Average size of a property sold in 12 months to October 2022 (£2m+)
1
Michelin-starred restaurants
The prospective spend per head for buyers registered for £2m+ property in the region in the 12 months to October 2022, up 6% on the previous year.
£3.2m
Outstanding schools and nurseries
Average sale price, 12 months to October 2022 (£2m+)
Where do buyers come from? £2m+ exchanges year to October 2022
South East
East of England
London
South West
International
12 months to October 2022 vs five-year average (£2m+)
RECENTLY SOLD IN EAST OF ENGLAND
Here are some of our recent successes in the East of England market