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East of England housing market stagnates, according to RICS

The East's housing market has stagnated according to RICS. Picture: Joe Giddens/PA Wire

The East's housing market has stagnated according to RICS. Picture: Joe Giddens/PA Wire

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The East of England housing market slowed in December with flat sales and prices anticipated in the near term.

The region’s residential sector stagnated in the final month of 2017, according to the Royal Institute of Chartered Surveyors Residential Market Survey.

However, there was an uplift in new buyer enquires with respondents to the survey saying this was down to people delaying their decisions from earlier in the year. Sales were broadly flat over the month of December, in the East, with sales expectations anticipated to decline slightly over the coming three months.

An overwhelming majority of surveyors (86%) also said they had not seen an increase in first time buyer enquiries since changes to stamp duty in the Autumn Budget.

David Knights, of David Brown & Co in Ipswich, said: “After a traditionally quiet month we anticipate pent-up demand will result in greater activity both in terms of instructions and sales.”

Hay fever sufferers have been warned that pollen levels are very high across much of the UK and are expected to remain so into next week.

A major review of how Suffolk’s roads are maintained was launched yesterday with the county’s new highways chief claiming that there are “improvements that can and must be made”.

A murder investigation has been launched after a man was fatally stabbed in Chelmsford.

Proposals to award Mid Suffolk councillors an allowance rise upwards of 25% have been given the green light – just days after Babergh decided the same.

Dozens of people are expected to attend a public meeting in Ipswich tonight in the wake of a recent stabbing tragedy.

Actions taken to curb violence and drug culture in an Ipswich estate will be driven by the voices of community members, leaders have vowed.

An Ipswich headmaster has spoken about the importance of restricting pupils’ mobile phone usage during school hours in light of comments made by a Suffolk MP.

White knuckle driving rallies, horse and carriage rides and a brain teasing quiz were among the special activities enjoyed across Ipswich for Suffolk Day.

A Suffolk campaign to close a loophole allowing second home owners to avoid paying tax on their property has won support in the House of Lords.

Police chiefs have been quizzed on the “high levels of casualties” in Ipswich’s “dangerous” Norwich Road.

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