Property all sells the same…right?
It is a common misconception that properties sell broadly at the same rate and same timescale.
Generally speaking, there are more buyers for properties in lower to middle price brackets, however, there are also more properties for sale. Higher priced properties are available to less people but often a smaller number are for sale over a larger area!
There has been some interesting statistic released this week regarding different trends regarding different properties in various parts of the country. It has revealed the fastest selling properties in the UK currently are semis in Scotland going under offer in 37 days whilst the slowest selling are detached homes in Wales. Terraces in the west Midlands and semis in the North East are the fastest selling in England. Bringing up the rear are flats in London (often suffer in more challenging markets).
We are finding a real bounce has returned to the housing market in 2024. We are definitely seeing the strongest part of the market between £125,000 and £260,000, however, we have seen buyers return to prime property to with sales currently agreed at figures over £700,000. With more stable interest rates and predictions of a falling base rate it appears 2024 will be the year the housing market settles and recovers after the challenges of late 2022 and 2023.
Landlords – are you concerned about the Renters Reform Bill?
No doubt you have seen in the press that the oh so controversial Renters Reform Bill is being pushed through the House of Lords next week.
The headline is removal of Section 21 notices and supposedly ‘no fault’ evictions. This is probably the most concerning for landlords as many may simply believe that getting their properties back will be next to impossible.
That is not the case, landlords will be able to get their properties back on one of four grounds; If they want to sell; if they (or a family member) wish to move back in; rent arrears or if there is antisocial or behaviour in the property.
With so many changes to the Private Rented Sector over the last 15 years landlords have developed a thick skin and are used to change. Inevitably there will be some who feel this is the last straw and sell which will inevitably reduce the available stock of rented accommodation. For those hardy landlords who remain they are highly likely to reap the benefits of the supply and demand imbalance which will no doubt push rents even higher.
If you are a landlord and have any concerns please speak to one of our lettings experts for sound practical advice. Talk to the experts, talk to Aldreds.
We are hiring!
Due to the improving housing market we are hiring for a number of roles across our group!
We have the below vacancies either available immediately or coming available soon.
All roles involve some work on Saturdays, a driving licence and access to your own vehicle. which you can use for work purposes.
Full Time Lister - Due to a high demand for our services we are looking for an experienced estate agent to join our team. Preferably with listing experience, however, if you are an experienced negotiator or senior negotiator looking to move in to listing this could be a role for you!
Full Time Negotiator - We require a full time negotiator to join our team. Experience is preferred, however, if you are passionate about property and giving excellent customer service this could be the job for you.
Part Time Negotiator - Same as the above but part time! Approx. three days a week.
All roles come with a basic plus commission packages.
Interested? Email This email address is being protected from spambots. You need JavaScript enabled to view it. in confidence!
Gold winners!
We are very much enjoying our year as the Gold agent for Great Yarmouth!
If you have a property to let call us today and see how our award winning service can help you find a fantastic tenant.
David, Sue, Susie, Michelle, Vicky and Kaylie are waiting for your call on 01493 849111 or This email address is being protected from spambots. You need JavaScript enabled to view it. . Or pop in and see us at 17 Hall Quay!!!!
Performer of the month!
Well done to Great Yarmouth Office manager who wins our Performer of the Month award.
Jackie has guided the office through a very busy month whilst being a member of staff down for most of it due to a sickness absence.
Nominated by (at least and they may be others I have missed) Claire, Chris, Richard, Michael and Tracie.
This is what Tracie had to say about Jackie which just about sums it up!
I’d like to nominate Jackie in our GY office. She is like the proverbial swan, working like a trojan no matter what changes and, or shortfalls that go on around her! And manages to stay calm and unflustered, always doing it all with a friendly smile and total professionalism. An amazing lady!
Thanks for all your hard work Jackie!
