Peterborough: Slowest House Price Rise In The East

16 May 2016, 07:13 | Updated: 16 May 2016, 07:36

Westerman Homes

House prices in Peterborough are rising more slowly than anywhere else in the East, according to new figures.

Rightmove says a home with up to two bedrooms will now set you back an average of £143,660 - 5.4% more than last year.

That compares to Luton, which has seen the biggest rise in the East of 18.4%.

The website says nationally prices for first-time buyers have jumped to a record high though, with some towns seeing "eye-watering" increases.

Across England and Wales, the average price tag on a property coming to market is £308,151, with homes increasing by £1,118 month-on-month.