Eastern
Happisburgh, on
the popular north
Norfolk coast
Eastern
promise
With the market offering excellent value for money, buyers
are keen to upgrade to luxury properties across the region
ypically Savills offices in Britain’s the sub-£1 million level and there are micro
T
easternmost counties – Norfolk, markets in good coastal and inland areas.”
Suffolk, Essex, Cambridgeshire and Buyers are looking for value for money
Lincolnshire – start to see and believe that now is the time to move,
an increase in activity from the middle whether they are relocating out of London
of March, but this year sellers waited until or looking for a second home. “There is
after Easter before coming to the market. interest from foreign buyers, too, because
While there are fewer properties available the Pound is weak against the Euro and
priced at around £2 million, there is good Dollar,” observes Duckworth-Chad. “Taking
news at the sub-£1 million level, as William this into account, a buyer from the Middle
Duckworth-Chad, of Savills Country East could purchase a property for up to
Department, explains: “Generally prices 40 per cent less than last year.”
are down between 12 per cent and 20 per
cent, but we’re seeing signs of recovery at Market fluctuations
Savills agents in East Anglia first noticed a
downturn in viewings as early as May 2007
Property hotspot | Deben Valley, Suffolk
and saw the market in Suffolk and Essex
come to a standstill in the second half of
Bryces Farm, Debenham
2008. They are noticing more positive
A mile from the village of Debenham, signs now, however. “Buyers are coming
this Grade II listed, 16th-century
back,” says Mark Oliver of Savills Ipswich.
farmhouse offers beautiful views
across the Deben Valley. It has six
“They are asking themselves ‘why leave
bedrooms, a converted barn and a money in the bank?’ or ‘why stay in a
swimming pool. Ipswich train station
rented house when we can buy?’ It
is 13 miles away and the train journey
into London Liverpool Street takes
doesn’t matter what the price is, from a
just an hour.
£500,000 cottage to a £2.5 million rectory
– if the property is superb and there are no
Price: £900,000
problems, it will sell.”
Contact: Mark Oliver
+44 (0)1473 234 830
Situation is becoming as important as
moliver@savills.com location. If a property is on a main road,
or next to a pylon or a pig farm, it won’t
92 savills ultimate property collection
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