Gloomy weather, gloomy reports on first time buyers

It’s gloomy weather and to go with it, there are a few gloomy reports out to dampen the spirits of all of us who work in the property industry in the run-up to Christmas. Recent reports published today showed the number of valuations fell 16pc in October compared with September largely due to a 23pc decline in first-time buyers, whilst buy-to-let activity also fell, by 14pc.

However, I am still receiving mixed reports from around the county from the estate agents I deal with. One recently had a whopping 17 viewings for a property in north Norfolk showing if a house is in the right location and priced correctly, it can still garner interest no matter what the market is doing.

Meanwhile, there are some buyers so intent on buying in a particular area, they are using their estate agents to help them do so by placing ads asking for specific criteria. The Eastern Daily Press led with a great story this morning on a couple who placed

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an ad for a luxury home in the Wymondham school catchment area. This is of no surprise to me at all as I know just how popular properties are in this catchment and agents always state it clearly on the details knowing it’s a strong selling point.

As for me, I’m still as busy as ever. I saw a lovely family property today in the rain with some super potential for equestrian use – and of course, don’t forget the EDP’s EQ equestrian glossy mag is out soon with a property section. You can view this online at www.eqlife.co.uk but look out for the next one which features a castle once owned by Carla Bruni!

Do leave me a comment or get in touch by emailing me at caroline.culot@archant.co.uk and remember you can also follow me on twitter at http://twitter.com/Norfolkhomes24

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