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House prices remain flat in East Anglia

House prices in the Anglia region remained stagnant
House prices in the Anglia region remained stagnant Credit: Dominic Lipinski/PA Wire/Press Association Images

UK house prices may have seen an increase for the first time in nine months in February - but prices in the Anglia region remained stagnant.

Property analyst Hometrack spoke to more than 1,000 agents and surveyors, some of them reporting that the market conditions were less buoyant than they were expecting. Monthly prices were flat in East Anglia, along with the Midlands.

House prices remain flat in the East

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House prices in the East remain flat Credit: PA

UK house prices may have seen an increase for the first time in nine months in February - but prices in the Anglia region remained stagnant.

Property analyst Hometrack says London saw month-on-month rises of 0.3%, leading to a 0.1% increase across England and Wales.

However monthly prices were flat in East Anglia, the East Midlands. Prices fell in the North East by 0.2%.

House prices in Southend show biggest price rise

Southend where house prices are rising faster than anywhere else Credit: ITV Anglia

Southend in Essex recorded the biggest rise in house prices among major UK towns and cities over the past year, according to research by Halifax.

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The average selling price in the seaside resort was 14.8% higher than the previous year, rising to £198,418 by the end of 2012, compared with an improvement of 2.1% on average across the whole of Essex. Lowestoft in Suffolk recorded the sixth largest price rise of 12.7 %

Halifax housing economist Martin Ellis said: "Nationally, conditions in the housing market have been largely unchanged over the past 12 months with little overall movement in either house prices or sales for the second consecutive year. "

He expects continuing broad stability in house prices nationally in 2013, with the North/South divide in price performance likely to persist next year.

Mr Ellis said: "House prices are expected to be strongest in London and the South East as this part of the country performs best in economic terms."

East Anglia bucks house price trend

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Olympics blamed for house price fall Credit: ITV Anglia

House prices have fallen for the third month in a row except in London and in East Anglia.

Research by Rightmove blames buyers staying at home to watch the Olympics. Today's data shows house prices in East Anglia are up by 0.3 per cent.

Elsewhere Rightmove says properties coming to market are £11,000 cheaper than they were three months ago.

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