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            "text": "Norwich Economic Barometer – July 2026",
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            "text": "Average house prices and rents",
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            "text": "Figure 5: HM Land Registry average house prices 2023- 2026",
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            "text": "The House Price Index (HPI) produced by HM Land Registry is widely regarded as the most accurate and independent measure of house price trends in England. It is based on completed sales data from HM Land Registry, Registers of Scotland, and Land and Property Services Northern Ireland, with the index itself calculated by the Office for National Statistics.",
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            "text": "According to HM Land Registry's House Price Index (Crown copyright) and summarised in Figure 5, average house prices in the year to May increased by 5.8% in Norwich, 3.1% in Norfolk, 2.3% in the East of England and England. Figure 5 illustrates monthly changes in average house prices since May 2023. On a monthly basis, average prices increased by 2.8% in May in Norwich, 0.5% in Norfolk, 0.5% in the East of England and by 0.1% in England.",
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            "text": "The latest data indicate that average house prices stand at £237,629 in Norwich, compared with £271,947 in Norfolk, £338,224 across the East of England and £292,095 in England as a whole.",
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            "text": "Figure 6: Private Rental Price Inflation 2023-2026",
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            "text": "11",
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