The cost of living in this area of England is booming
REUTERS/Suzanne Plunkett
Rents in August across the region jumped by 11.5% to an average of £843 a month, according to a BBC report on a study by letting agents Your Move and Reeds Rains. The east covers areas like Cambridge, Bedford, Norwich, Ipswich, and Chelmsford.
The annual rent rise for the whole of England was less than half the figure in the east, just 5.5%, and month-on-month rents actually fell.
Rent growth in the east is faster even than London's super hot market, which grew by 10.2% in August.
The Office for National Statistics put out figures recently showing that house prices in this region are also going nuts. Year-on-year they rose by 8.3% in July, outpacing even London's price rises.
Meanwhile arrears - people getting behind on their rent payments - are rising, according to Your Move's survey of letting agents. 9.9% of all rent due across the country in August is late, the highest proportion since 2012.
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