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A look back on the 2017 property market

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A quick look at the Norfolk and UK property market in 2017 and some of the things that may affect the future.

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A look back on the 2017 property market

  1. 1. ALOOKBACK ONTHE2017 PROPERTY MARKETIN NORFOLK
  2. 2. A G I L E P R O P E R T Y P A R T N E R S POSITIVEOUTLOOK FORPRIME NORFOLKPROPERTY Theoutlookhasremainedpositivefortheprimecountry market,aswereportedintheautumn,withaverageprice risesof3.4%.
  3. 3. A G I L E P R O P E R T Y P A R T N E R S INNORWICHITSELF.... Inthecity,athrivingretailsceneisbeatingthedeclineof thehighstreet,andnewtransportlinkssuchasthe Londonin90projectandNorthernDistributorRoadwill makethecitymoreaccessible.
  4. 4. A G I L E P R O P E R T Y P A R T N E R S ATANATIONALLEVEL Atanationallevel,therearepredictionsthathouseprices couldgoupbyasmuchas56%by2027. Also,interestraterisesbytheBankofEnglandforthefirst timeinyearshavemadeborrowingthatlittlebitmore difficult. 
  5. 5. A G I L E P R O P E R T Y P A R T N E R S FIRST-TIMEBUYERS    Averagedepositsforfirst-timebuyersaresettoexceed £60,000by2027,makingitmoredifficultforyoung peopletogetonthepropertyladder.
  6. 6. A G I L E P R O P E R T Y P A R T N E R S HOWEVER.... Inthe2017budget,thegovernmentremovedstampduty forfirsttimebuyersonpropertiesupto£300,000.Thisis inanefforttokeeppropertyaffordableformorepeople.
  7. 7. A G I L E P R O P E R T Y P A R T N E R S BREXIT.... Fearsofanewpropertycrashhavebeenunfoundedsofar andwe’veallbeenwatchingwithinterestatthewayBrexit isunfoldingandtryingtofigureouthowitwillaffectthe propertymarketatanationalandlocallevel.
  8. 8. A G I L E P R O P E R T Y P A R T N E R S CONTACTUS  IFYOUNEED ADVICE Investinginpropertyisneveraguaranteeofagoodreturn butifyouarecautiousandfollowgoodadvice,your chancesofsuccessaresignificantlyimproved. Ifyouwouldliketochataboutanythingtodowithproperty investment,giveusaringonNorwich01603567804or email info@a-pp.co.uk
  9. 9. A G I L E P R O P E R T Y P A R T N E R S

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