EAST OF ENGLAND
Lesser-known beautiful coastlines and quaint countryside scenes have attracted tourists and second-home owners alike to this area over recent years, now its tranquil pace of life is proving a top reason to relocate
Head of East England sales
Following the end of the first lockdown, East Anglia, like many rural and coastal destinations, has seen a remarkable surge in activity. This has resulted in some exceptional prices and deals achieved, as well as a consistent and increasing demand for the best country houses. In this particular area of the country, there remains a shortage of stock and the number of buyers greatly outweighs the property that is available. We believe this trend may well continue, despite the potentially choppy economic forecasts as people decide that a change in lifestyle is the most important driving factor behind moving to the countryside.
A fifth of property purchased in Suffolk were as second homes, between 2017-18*
Schools / nurseries rated ofsted outstanding
The average size of a property sold by Knight Frank in the East of England above £1 million is 4,545 sq ft (2020).
Commuters can travel between Norwich and London in just under 90 minutes, after a new high-speed Greater Anglia service was introduced in spring 2019.
Rate of annual price growth during the third quarter, making the East of England the best performing region in the Prime Country House Index in Q3.
Sales above £2 million over 12 months to August 2020, according to the Land Registry.
Since the market reopened on 13 may to november, viewings for property above £1m are up 36% (versus same period in 2019).
This region has five Michelin star/Bib gourmand restaurants
The average price of a property sold by Knight Frank above £1 million, in 2020.
Data provided by Chris Druce, Senior Analyst, Residential Research