Well, what a weekend that was. Street parties, gatherings in the park, the purple bunting, egg and cress sandwiches, union jack flags, cheese and pineapple on cocktail sticks, and let’s not forget the trifle – the Platinum Jubilee Party. And no decent party is worth its salt without a game or a quiz. So, if you have post-Jubilee blues, let me ask you, how much was the average Norwich house worth in 1952?
Inflation (and recessions) can be nerve racking for people and their hard-earned savings and wealth. Yet there are six reasons which make investing in private rental properties a potentially wise investment in these changeable times. This article looks at how investing in Norwich property could help you ‘hedge’ against inflation and protect your savings and […]
Many commentators believe we have seen the peak of the Norwich property market. So, should savvy bargain hunters wait for Norwich house prices to fall? Or could postponing your house buying for any anticipated Norwich house price drop be a costly mistake?
According to some newspapers and pundits, the property market boom could soon be over with the increasing interest rates and inflation. In this article, I share the three fundamental economic reasons why things are different from the last property market crash, the insider’s way to find out if there will be a property crash, and four reasons why buy-to-let landlords are coming back into the Norwich rental market.
Norwich needs 771 additional private rented properties per year to keep up with current and future demand from Norwich tenants. But, over the last 5 years, Norwich has lost 1,034 private rented homes. In this article, we explore 5 reasons the supply of private rental properties in Norwich is falling. What are the implications for tenants and landlords in Norwich?
The Norwich housing market over the last five years has behaved oddly. Norwich house prices are 26.1% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number of homeowners in Norwich has risen by 3,480 households, a jump of 3.7%. Why has growth in homeownership happened, and what does it mean for Norwich’s existing homeowners (and landlords)?
The terraced house is one of the most familiar styles of home in Norwich. 27.1% of Norwich people live in a terraced home which is interesting when compared with the national average of 22.7%. So, what is it about the humble terraced/townhouse we Brits love so much? In this article, I look at the history of the terraced house, how it relates to Norwich and what the future holds for terraced homes.
50% Drop in Norwich Council Houses in the Last 40 Years In 1981, 50.3% of properties in Norwich were council houses. Today, that figure stands at 25.2%, a proportional drop of 50%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Norwich […]
It only takes 41 days to sell a Norwich home, so why does it take 121 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard conveyancing system, this article discusses what Norwich house sellers (and buyers) can do to speed up the house buying process.
On average, it took just 42 days for a Norwich property to find a buyer in 2021, down from 58 days the previous year. But more than 1 in 5 properties are still on the market after 12 weeks. What’s happening and what can you do to increase the chances of a quick sale?