Sunshine and Showers

Sunshine and Showers

max temp: 14°C

min temp: 9°C

Search

Ipswich described as a property hotspot thanks to rise in house prices

PUBLISHED: 19:00 18 April 2017

Ipswich is a property hotspot, according to Leaders

Ipswich is a property hotspot, according to Leaders

Archant

The property market is booming in Ipswich with the town described as a hotspot by a national estate agency.

Leaders has revealed its top 10 towns where house prices have grown the fastest with Ipswich ranking at number seven with an increase in average prices of 6.84% over the year.

Estate agents throughout the town have described the property market in Ipswich as ‘buzzing’ and demand is outstripping supply.

Simon Clow, a partner at Palmer & Partners in Ipswich, said: “The market is pretty active at present.

“In general, the market it strong but it is a bit all over the place.

“Some people are trying higher prices than homes are really worth, and sometimes getting them. Some other people are having to reduce asking prices.

“There is a shortage of stock coming to the market but the lower end of the market, the first-time buyer market, is moving very well.”

Chris Howlett, of Leaders in Ipswich, said property prices in the town were good value, compared to London, particularly for commuters. He added: “With good road and rail links to London; Ipswich to London in under an hour by train, it adds to the attraction.”

He said other positives in Ipswich included the low unemployment rate, the low crime rate and the proximity to the port of Felixstowe.

Gemma Etheridge, board of management partner at Connells, said: “March was our busiest month for sales for five years for second-hand property sales and demand is particularly strong in the family and second move market.

“There are a lot of people wanting to move, but there is not enough available for them.”

Other towns in East Anglia to have house price rises are Clacton with 6.72%, Braintree with 6.88% and Witham with 6.47%. Godalming in Surrey topped the list with an increase of 10.16%.

Kevin Shaw, national sales director at Leaders, said: “Increases have been strongest of all in the south-east.

“A lack of supply and increasing demand is helping to drive house prices across the UK. As such, sellers can be confident of getting a great price for their homes and achieving a quick sale, while buyers need to act quickly to secure their preferred property.”

Leaders compared Zoopla data for all 122 locations in which it runs a branch.

Antisocial driving in around Ipswich town centre was targeted in an operation by Special Constables last night.

As the two-year anniversary of missing RAF serviceman Corrie McKeague’s disappearance approaches, his mother opens up about theories, potential new searches and her first grandchild.

Wet weather is forecast for today, with flooding expected tomorrow as ‘yellow’ weather warnings for wind and rain are issued.

Instagram has long been home to some of the best food photography on the internet, whether it is showing off an attempt at a new recipe or an amazing dish at a restaurant.

From an exciting announcement at Chantry Park to the opening of a cannabis lounge in Ipswich make sure you are up to date with our articles.

Cautions and convictions for knife crime in Suffolk last year reached their highest levels since 2010.

East Anglia has made national headlines on more than one occasion this week as a social media secured a regular slot on This Morning and a pub scrapped cash completely. Here we look back at some of the biggest business stories of the week.

It was touch and go for Pickle the black Labrador when she was hit by a car on the A14 this summer – but now the determined pooch is making a remarkable recovery.

A new coastal branch of a Suffolk sixth form has opened with hopes to broaden opportunities for young people in the area.

First responders raised hundreds of pounds to help their life-saving work through a sponsored charity event.

Most read

Show Job Lists

Topic pages

Newsletter Sign Up

Ipswich Star daily newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

MyDate24 MyPhotos24