Viewing levels pick up!
We have seen a large increase in the number of house viewings being booked in all offices.
As we move out of January and (slowly) towards the spring it is expected that the market will come to life. There can be no doubt that this is happening and although the market is still very price sensitive. we are confident that 2024 will be a huge improvement on 2023!
With falling mortgage rates, expected base rate cuts and a budget on the horizon this is the time to list your property to make the most of what the housing market for 2024.
New Herring Bridge in Great Yarmouth set to open!
We are excited to see that the Herring Bridge will open 1st February! Great for our fantastic town and will help people move around especially when viewing our properties! Will cut the journey time from our Great Yarmouth to Gorleston offices!
This is the third bridge to cross the River Yare in Great Yarmouth. The Haven Bridge in the middle of town has been there in various form for centuries. The Breydon Bridge opened in the mid 80’s.
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.
