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Norfolk: Where House Prices rise more than you earn!

Norfolk: Where House Prices rise more than you earn!

Norfolk: Where House Prices rise more than you earn!

Over the last year Norfolk house prices have soared. With a beautiful coast line, a national park and a Norwich being a popular city – what is not to like about Norfolk?

We demand outstripping supply there are 3 Norfolk districts where house prices have risen more than locals earn, on average per year. It’s true to say Norfolk homes really are as safe as houses!

Based on the Office for National Statistics, and Land Registry, the average house price in Norfolk Norfolk has increased over £24,000 whilst the average wage in the area is just shy of £20,000.

So where in Norfolk has performed best?

Cromer, Sheringham & Holt

House Price Increase:
£24,753
Average Salary:
£19,468
Increase:
127% pa

Breckland

House Price Increase:
£20,896
Average Salary:
£18,492

Increase:
113% pa

Broadland

House Price Increase:
£22,133
Average Salary:
£21,754
Increase:
102%

So is it now time to be buying in North Norfolk?

With the UK starting to recover from the pandemic, those relocating and looking for second homes are buying in North Norfolk. Extra demand and a lack of supply will cause prices to increase further. With Norfolk being widely known on the tourist map at ZebraBuyer we believe it is a good place to buy.

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