Market Trends
The biggest change affecting the housing market this year has been the introduction of Home Information Packs (HIPs). Brought in to simplify the sale of property, the provision of a HIP became law for properties with more than four bedrooms in August, with this being extended to three bedroom properties on 10th September. Although there was an increase of properties being put on the market before the deadline, this has now settled down and we don’t foresee the rollout of HIPs for one and two bedroom properties having any major impact on the numbers of properties being put on the market.
Recently we have seen property prices cooling off and expect them to remain level for the rest of the year. This has been due to recent inflation rate rises, along with concerns over the US market which has now stabilised due to state intervention. The UK economy is still reasonably strong with people spending less in the shops, which bodes well for the property market. Brighton remains a very popular place to live and there are still plenty of buyers out there, with realistic pricing being key to a successful sale.
Crescent Drive South, Brighton, BN2 6RA
£365,000
4 Bedroom(s)
2 Reception(s)
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Ladysmith Road, Brighton, BN2 4EJ
£199,950
2 Bedroom(s)
1 Reception(s)
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Hillview Road, Brighton, BN2 6DG
£289,950
3 Bedroom(s)
2 Reception(s)
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Millers Road, Brighton, BN1 5NP
£169,950
1 Bedroom(s)
1 Reception(s)
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