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Base rate rises have effect on market – but sales are still being agreed! Have the Bank of England base rate rises effected activity and house prices? Absolutely. Are properties still being sold? Definitely. There is no doubt the cycle of interest rate rises that started in the summer of 2022 have adjusted the market. Higher mortgage payments will have an effect in many ways including bringing people to the market looking to downsize and making families hold of on their moving plans. Is the housing market dead at the moment? Not at all. Our Gorleston office is about to record their strongest month on new sales since summer 2022. This has been achieved by working hard with our vendors on marketing and pricing strategy whilst proactively matching buyers and sellers. How does the market compare to post credit crunch 2008? – At the moment it is stronger. Banks are still keen to lend but at higher rates. Mortgage availability is good. Still time to move in 2023. If you are thinking of selling give us a call!

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New Starter in Gorleston Office! A big Aldreds welcome to Louis Sansom Williams who has joined our team in Gorleston office. Louis is brand new to estate agency and is joining us as a trainee. In the two days he has been with us he has made a flying start and is showing great enthusiasm! All the best Louis!

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Good luck for the future All the best for the future to Bronwyn Moxey who is leaving us for pastures new. Bronwyn joined us during the pandemic and worked in both rentals and sales departments in Great Yarmouth office. We wish you the best for the future! New starter pending! Watch this space!

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Pressure on government over stamp duty. An influential group of MP’s are putting pressure on the government to raise the threshold for stamp duty even further. The Conservative Growth Group calls it an unfair tax and calls for it to be scrapped for most occupied homes but not second homes and investment purchases. Stamp duty currently starts at £250,000 for all buyers except first time buyers where it starts at £425,000. This means that first time buyers in this area are already unlikely to pay stamp duty.

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Holidays in the UK? It’s that time of year again when we start thinking about our holidays in the spring and summer months to come. With an ever increasing desire to holiday in the UK rather than travel abroad, we sell many properties of all types to buyers looking for either a holiday home for themselves or a property to let out in the popular short term holiday letting market. We offer a diverse range of properties suitable for holiday use. From rural cottages, to holiday restricted bungalows and holiday chalets. Some for as little as around £30,000. If you are thinking of purchasing a holiday home in East Norfolk or North East Suffolk give us a call today!
  1. Inflation Falls
  2. Introducing Michael Adderley to our Lowestoft Office
  3. 100% Mortgages are back
  4. Coronation Countdown