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Suffolk Hpc Seems To Have Stalled

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Taken from Bury Mercury 04/09/09

Average house prices in Suffolk have risen by more than £5,000 in the last 3 months - giving hopes of recovery in the property market.

Official Land Registry figures reveal Babergh district saw the most impressive change as the average house price rose by almost £15,000. Ipswich and Waveney were the only areas where there was a marginal drop in property values.

In St Edmundsbury, the figure was £11,200, a 6% rise.

Meanwhile, the year-on-year drop in prices eased in July compared with June, with the East of England average fall now standing at 12%.

James Bedford, partner at Bedford Estate agents said: "Since spring we have had a tremendous three or four months and sold a number of properties that would have previously been beyond our wildest dreams. In one case, we sold a cottage which was on the market at £485,000, and in which three people were interested, for £520,000" :blink:

Wealthy cash buyers keeping the market data skewed here. Am on the books with this EA and haven't heard from them in months - but I won't be playing this house buying game anytime soon.


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