House Prices starting to slump in Norfolk

January 31, 2019

Slump is quite an aggressive word to describe house prices as it will bring fear to many and joy for others – downward trends though seem to be now hitting Norfolk following a recent report shared on the Eastern Daily Press Property website reported today. The figures over the last six months have caused these headlines.

Zoopla is referred to in the report in that there has been a 1% drop in values of property over the last six months within the county of Norfolk in East Anglia. A bull market run saw prices rise 28% over the last five years on somewhat no foundations many will say so a fall and a continued fall of values is in no way a surprise is it?

“This comes as no surprise as the shock-wave of London price falls will continue to ripple across the country and those regions which had a never ending price hike of recent years will see that the foundations in place are non-existent and they can easily fall back what they have gained. If we add the uncertainly of Brexit which will continue after any kind of deal or no deal come March 29th 2019 and increasing landlords ditching / reducing their property portfolios along with negative property news and increasing listings per estate agent will mean one thing for sure, a bull run will change to a bear one and drops could be steep. Buyers are now in control, a position they have not been in for years, they can afford to wait, they will be looked after by the estate agent as they wish to claim sales, they can tempt sellers with offers and they know that if an offer is not accepted, there is likely a long list of sellers waiting to say yes.” Christopher Walkey – Founder of Estate Agent Networking

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Rightmove logo
Breaking News

Rightmove to host live Q&A webinar on the Renters’ Rights Act

Rightmove is hosting a live Q&A webinar today to help agents better understand the Renters’ Rights Act and its practical implications as the Act takes effect. The Renters’ Rights Act: Live Q&A webinar will take place on Tuesday 5th May from 10:00am to 11:00am and will be available to watch via the Rightmove Hub. Over…
Read More →
Home and Living

War over bin blunders as legal expert reveals what you can actually do

Rows over rubbish are bubbling up, with fed-up homeowners losing patience over neighbours who refuse to bring their bins back in. Now, a legal expert has revealed the simple steps you can take before things spiral into a full-blown neighbourhood feud. Natalie Peacock of Rogers and Norton explained that while it might be tempting to…
Read More →
Breaking News

The UK’s best place to be a buy-to-let landlord in 2026 – and it isn’t London

Manchester tops the list with an average property price below the UK average and an annual rental return of 6.4%, beating all 32 London boroughs. Newcastle upon Tyne ranks second and is the only area in the study to deliver an annual return of more than 7%, while Blackpool places third. New research ranks 310…
Read More →
Home and Living

Don’t Let Dirty Windows Cost You a Sale

You’ve spent months preparing your home for sale. You’ve decluttered, repainted the hallway, replaced the kitchen handles, and had the carpets professionally cleaned. But have you looked at your windows lately, really looked at them? Dirty windows are one of the most overlooked deal-breakers in property sales. They’re also one of the easiest to fix.…
Read More →
Home and Living

Home longevity spas tipped to become the next must-have in prime property

Longevity expert has noticed a huge influx in home spas from investors Country and Townhouse reported that wellness is expected in luxury homes Ralph Montague discusses core shifts he’s seen over the past two years Once, cinema rooms, wine cellars and home gyms were considered luxury home features. Now, the next major trend in prime…
Read More →
Breaking News

Nationwide House Price Index for April 2026 – Thoughts from the Industry

House prices increased by 0.4% between March 2026 and April 2026. This was a weaker rate of monthly growth compared to the previous month (0.9%). Annual growth sat at 3% in April 2026, with this annual rate of growth increasing from 2.2% versus March 2026. The average UK house price now stands at £278,889.  …
Read More →