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Published: 05 November 2022

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As agents we are asked this question on a regular basis and over the last six weeks more often than ever! It is clear that the interest rises will have a slowing effect on the housing market. We are now well in to November, a time when the housing market starts to cool slightly for Christmas. The true effect of the rate rises and economic uncertainty may not be felt until the new year. Now the good news! Across all branches we exceeded our sales target for October which demonstrates that there are still buyers looking. Well priced and well marketed properties will continue to receive interest and offers. Our Gorleston branch has listed a property in Browston that has had 16 viewings and a number of offers this week. Demand for housing in the UK remains strong with the property portals reporting high interest and hit levels. Interest and a shortage of properties in the private rented sector continues to make investing in property attractive. Whatever the future brings Aldreds will continue to serve our customers and communities diligently as we have done since 1857.