Parkhill, Lowestoft valuation week!
The Aldreds valuation team will be in Parkhill, Lowestoft next week carrying out a free valuation event!
Do you live in Parkhill and are you thinking about moving in 2024? Darren, Beatrix and Dan will be delighted to come to see you to advise you on an expected price and marketing! We have availability Monday 22nd to Saturday 27th January! Or if you would like us to come and see you outside these dates just get in touch!
Sound interesting? Call us today on 01502 565432 to book your spot or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.
How is the market?
A question estate agents are asked a lot…especially this time of year.
To answer we have to, initially, look backwards. 2023 was a year where we saw a slowdown in the housing market in response to raising interest rates and economic uncertainty. The number of houses selling fell from the very high numbers we saw in 2020, 2021 and 2022.
Although the Bank of England base rate hasn’t fallen mortgage lending rate have started to drop as banks compete to write new mortgages and expect the base rate to be lower in the future.
December 2023 was a far better and improved month compared to December 2022. We expect this to feed to better market conditions as we move on to 2024.
We are already seeing more people arranging sales appraisals, viewing numbers are increasing, offers being received and the all important sales being agreed.
There will still be challenges this year, however, many people who were ‘waiting to see’ are now starting their house hunts.
In summary we expect a more buoyant market in 2024.
If you are thinking of selling and are interested in how the market has changed contact us now for a market appraisal.
New Associate Director
Aldreds are delighted to announce that David McMaster has joined us as Associate Director overseeing our Lettings and Property Management department.
David has a long and distinguished career in both Berkshire and Norfolk. As past president of ARLA (Association of Residential Lettings) he is one of the most knowledgeable and qualified letting specialists in the country.
David will be driving forward the department with new innovations and will be overseeing the process of letting our properties from rental valuation to tenant check out. You can, therefore, be assured that your property is in safe hands.
You can contact David on 01493 849111, This email address is being protected from spambots. You need JavaScript enabled to view it. or pop in and see him at our office in Great Yarmouth.
Christmas Opening Hours
Wishing you all a Merry Christmas and a Happy New Year!
Friday 22nd Dec 9am – 12noon
Saturday 23rd December 9am till 12noon (Residential sales only)
Wednesday 27th December 9am till 4pm
Thursday 28th December 9am till 4pm
Friday 29th December 9am till 4pm
Saturday 30th December 9am till 12noon (Residential sales only)
Back to normal Tuesday 2nd January 2024!
Base Rate
The Bank of England has announced the base rate will stay at 5.25%. This is welcome pre Christmas news for mortgage holders and those planning to purchase in 2024.
More reasons to be positive for the housing market next year!
