Does a world class location mean higher prices?

RIMG0190Latest news and views from Ian Harris,

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chairman of the Norfolk branch of the National Association of Estate Agents (NAEA) and an agent with Watsons in Norwich.

Research done some while ago now showed your house was worth more if it was located close to Waitrose stores. In truth, Waitrose located new stores in affluent areas rather than improving the values by location of a store.

Undoubtedly some Norfolk based businesses and research companies lead their field, bringing prestige and higher-salaried employment to the area. Lower than average unemployment rates and a property market which has suffered less than some other parts of the country are in part due to the underlying stability of the local economy. And “class leading” status will only serve to enhance the reputation of the area.

Ian’s on 01603 619916.

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