“We are seeing
signs of recovery
in good coastal
and inland areas”
sell quickly. Buyers don’t need to buy so Norfolk has seen an increase in the
they have become far more discerning. number of local families who wish to
Focus on
The traditionally popular areas upgrade to a larger or more luxurious
have remained in demand, for instance home. Those who have substantial
Lincolnshire: the
Cambridge, the Stour Valley on the Essex/ equity in their current homes are taking
‘forgotten county’
Suffolk border, Dedham Vale, Woodbridge, the opportunity to buy a house for
Walberswick and Orford in Suffolk, £1.5 million that a year ago would have
Burnham Market in Norfolk, and the cost £2 million and may have been beyond
Essex villages of Stock and Fryerning. their budget. There is a large pool of
Two properties under offer in the Dedham professionals living and working in
Rupert Fisher
Vale prove that the market remains lively. Norfolk who aspire to own a better
Savills, Lincoln
“The Old Rectory at Polstead, Suffolk, home. Some are moving from a large
had buyers competing above the £2 million cottage to a spacious farmhouse, or
“Agricultural Lincolnshire has wide-
guide price, and seven buyers were from a farmhouse to a period rectory
open spaces, an outdoorsy lifestyle,
interested in an £850,000 property in with land.
coastline, grammar schools, and
Dedham,” explains Oliver.
the train journey from London to
Lifestyle change
Grantham takes only one hour.
Spring revival Natalie Leggett, of Savills Norwich,
“Prices have fallen by up to 25
Savills agents are also seeing encouraging makes an interesting point: “This year I’ve
per cent in Lincolnshire, but this
signs in Norfolk, particularly in properties noticed more women driving purchases
presents good opportunities for
priced between £500,000 and £800,000. After throughout the county. They are looking
buyers. Anyone with a budget of
a slow start to the year, the market began to for a lifestyle change and the country life.
£300,000 to £500,000 can purchase
revive at the beginning of March. “There Typically, the family is based in a principal
an impressive property in this area:
are two reasons why this has happened,” home in Norfolk during the week while
a stone house in one of the favoured
explains Louis de Soissons, of Savills retaining a property in London for
villages of Coleby and Navenby
Norwich. “The first is that people have work purposes.
or the Lincolnshire Wolds; a barn
decided that they want to get on with their “Homes in North Norfolk remain sought
conversion with a couple of acres,
lives. Secondly sellers have accepted that after, but South Norfolk is becoming
or a stone rectory. People choose
values have fallen by 15 per cent to 20 per increasingly popular too, in particular
Lincolnshire because it offers good
cent. Houses that are new to the market and the outskirts of Norwich and the towns
value and an attractive way of life.”
realistically priced are selling well.” of Beccles and Bungay.” n
savills ultimate property collection 93
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