17th June 2016
Where does the time go? Looking back on the speculations surrounding the housing market at the beginning of the year, some of those predictions have certainly been proven correct, with the average house price in the area rising by 12.1% since last year - good news for those of you who already own property locally! We’ve taken a look at some recent figures for Brighton and Hove’s housing market, and what that might mean for buyers and sellers.
The Land Registry House Price Index for the first quarter of 2016 shows that the average house price in Brighton and Hove is now £301,356 - a definite increase since this time last year, and an overall 2% increase since the beginning of the year.
While this increase is in line with a gradual rise in house prices across the country, prices in Brighton and Hove are now 59% higher than the average in England and Wales. This both reflects the desirability of the area and makes it increasingly more difficult for new homebuyers to move here. However, if you own property in the area, it’s good to know that your investment is constantly increasing in value, and that any plans to sell will likely yield significant profits!
While the time properties in Brighton and Hove spend on the market was predicted to decrease in 2016, we have in fact seen a slight increase of 4%, from 84 days to 87 days. This is good news for buyers, allowing them a little more time to find their dream property. However, alongside the upswing in house prices, this trend may suggest that buyers are growing more reluctant to quickly part with increasingly higher costs. This makes it critical for sellers to ensure that their estate agents are giving correct valuations, so that properties can be snapped up as soon as they’re advertised, rather than left on the market to devalue.
Sales in Brighton and Hove have seen a gradual increase since the beginning of 2009, and 2016 so far has stayed true to this trend, with slight seasonal peaks in line with previous years.
According to a Centre for Cities report published this year, Brighton and Hove continues to be a hotspot for rentals, ranking third out of 63 UK cities and towns for the number of residents living in rented property. This is good news for buy-to-let landlords, despite the setbacks incurred by the Stamp Duty changes in April.
“2016 has certainly been a mixed bag so far,” says David Maslen. “However, all of us at Maslen are positive that with enough preparation and expert advice, both buyers and sellers can continue their journeys up the property ladder.”
Many thanks to Nick. It was an easy process thanks to you! I'm extremely satisfied with how the sale went, great job.
Ms Mayanobe Aymer Road
Best Estate Agents ever experienced - professional, approachable, competent and exemplary.
Mr & Mrs Guest Riley Road
Excellent Service from start to finish.
Mr T Mole Cromwell Road
Hugely impressed with Ben & his team.
Mrs Mead Upper Lewes Road
A very committed team who made the sale process very easy.
Ms Rees Ticehurst Road
The staff were very helpful, an excellent service. I would recommend you to others.
Miss Hockly Fiveways
Great service, always polite and friendly. Excellent contact and info all the way.
Mr Wells Bishops Road
Paul was absolutely brilliant.
Mrs Tasker Fiveways
Thank you. We found all the staff knowledgeable and really pleasant to deal with.
Ms Ansloos Lewes Road
Excellent customer service throughout. I will definitely recommend you, and use you again. Thank you.
Ms Longley Kingsbury Street
I would recommend Maslen to anyone.
Mrs Tripp Woodingdean
Very impressive - professional and friendly, both Martin Timms and Paula Carter were excellent at keeping in contact with sensible advice based on...
Mrs O'Connor Hove
The Woodingdean team were very friendly and approachable.
Mrs Palmer Pitt Gardens
We were very impressed with the Nick from start to finish.
Mr & Mrs Smith Lewes Road
All very professional, kept updated throughout. Very pleased - Would recommend.
Mrs Hammond Hove
Ben and Paula were calm and reassuring throughout a very difficult process!
Ms Easterbrook Bear Road
Fantastic service. By far the best agents we have ever used, I cannot recommend you highly enough.
Mr Field Mafeking Road
Paula was fabulous and we felt really informed and supported.
Mr & Mrs Walker Lewes Road
A completely painless experience from start to finish. Thank you.
Mr Woolven & Mrs Bessant-Woolven Lewes Road
First class service from a first class team.
Mr & Mrs English The Ridgway
Very helpful and patient team.
Mrs Shea Selborne Place
The whole team were very committed from start to finish.
Mr Pilgrim Lewes Road
I found the service to be courteous, friendly and efficient.
Mr Upton Buller Road
I was new to the area and viewed a lot of properties with a lot of different agents. Maslens were by far the best I came in contact with, so when i...
Mr & Mrs Heer Lewes Road
Very impressed with all dealings with Maslen. Paula Carter was in particular very knowledgeable and helpful.
Mr McBlane Hove
Sharon was amazing! She kept us up to date the whole way through the process. We cannot fault Sharon or the rest of her team.
Mr & Mrs Ashley Woodingdean
Very good service and communication. Paula was excellent.
Mr & Mrs Scarboro 1 Pevensey Road
In February 2016 I was looking to buy and sell very rapidly. Competition among buyers at the time was very high. Sharon @ the Woodingdean branch sh...
Ms Helen Lyons Woodingdean
Very comprehensive and professional. Nice people to work with and highly recommended.
Mr Alderton Ladysmith Road
Service exceeded my expectations overall at all stages of the process - I wouldn't hesitate to recommend you. Thanks.
Ms Greene Lewes Road
Paula's role was brilliant. Having someone office based and available was so appreciated and her promptness an impressive service - every Estate Agent...
Ms Wynn-Jones Baxter Street
I wish we had used you to sell our property! Nice to meet honest people, who are genuinely interested in helping. Very pleased.
Mrs Porter Taunton Road
Superb service as usual, I would always recommend you.
Ms S Hike Blackthorn Close
An efficient, professional and friendly service. Helpful and a pleasure to do business with.
Mr Beddington Brading Road
Nick and Paula are total stars! They were incredibly supportive and present throughout. Thank you!
Miss O'Haire Hove
Brilliant. Well done to Sharon and the Woodingdean team.
Ms Curtis The Ridgway
Our local office manager, Sharon Wareham was warm and friendly and kept us up to date at all times.
Mr Hope The Brow
Sharon was excellent - kept us well informed, thank you so much!
Ms Waters Cowley Drive
Exceptional service throughout the process - should we decide to sell in the future we wouldn't hesitate to use your agency. You're a cut above the...
Ms Windels & Mr Barham Fiveways
First class service. Friendly and professional.
Mr Thorne The Avenue
It was a long, drawn out process that the people at Maslen helped me through, without the impression that it was a chore. So extremely professional...
Mr McLagan Lewes Road
Quality advice about when and how to sell, which was spot on. Thank you.
Miss Coleman Buller Road
Thank you Maslens, you were all excellent!
Miss Jasper Taunton Road
Thanks David, all very professional.
Mrs Flowers Foxdown Road
We cannot recommend Maslen's estate agents enough.
Many thanks to Paul, Donna, Janette and the...
Linda & Les Wigmore Close
Sharon, Harvey and James were all excellent - very professional. Totally opposite to what I have experienced with other agents. Maslen have restore...
Ms Lyons Woodingdean
Outstanding service from Sharon. James is an asset to Maslens & Harvey was so helpful and polite.
Ms Cianchetta Selhurst Road
Excellent service as always
Mr Field Ringmer Road
Very, very happy we chose you, felt right from the start! Thank you!
Miss Blackadder Coniston Court, Holland Road
Compared to your rivals, your service was excellent
Ms McGrigor Milner Road
We were very pleased with services provided by the Fiveways office.
Mr & Mrs Sawyer Shaftesbury Road
Please thank Paula at Lewes Road - Excellent service.
Mr & Mrs Nuthall Lewes Road
The team worked very hard over a long period to ensure my sale went through - excellent service!
Mr Patrick Gladstone Terrace
Sharon was excellent, she kept us informed at all stages and was a really calming objective influence in the process.
Ms Frederick Channel View Road
As always, an excellent service.
Mr & Mrs Field Lewes Road
Very impressed with the efficient and friendly service, the staff were a pleasure to deal with.
Mr & Mrs Gill Lewes Road
Excellent service from the Lewes Road branch. Martin Timms secured a quick sale & at a good price & Paula Carter worked really hard to secure...
Ms Schulte Bear Road
Already recommended you! Thank you.
Mr Edwards The Ridgway
We were delighted with the service received from all the staff with whom we had contact,
Dr Crichton The Ridgway
I have bought and sold 7 properties, and this was the best experience of an estate agents services I have found.
Mrs Shepherd Hertford Road
Very pleased with the excellent service throughout. Professional, friendly, efficient and no hard sell. Achieved above asking price. Thank you!
Mr Witten Lewes Road
Sold within 2 weeks for asking price "excellent!"
Mr Grundy Bishops Road
It was an amazing experience, everyone involved were fantastic.
Mr & Mrs Knight Woodingdean
Thank you Paul and Archie, you gave an excellent service, as well as Kelly. I look forward to working with you again.
Mr White Fiveways
A very positive experience - I had most contact with the Fiveways office and they were so friendly and helpful.
Ms A King Balfour Road
Very thorough & very informative.
Mr Michnowicz Waldegrave Road
A good team at Woodingdean helped us through a stressful time.
Mr & Mrs Penton Sycamore Close
The whole team were excellent, each one of them felt like family. Sharon had a lot of sorting to do at times but coped very well, a true profession...
Mr Vernon Woodingdean
You were amazingly helpful throughout - a real pillar of strength with a very difficult sale.
Mrs Parkin Fiveways
A really good experience.
Mr Tibble Lewes Road
Excellent communication and advice throughout. It felt very reassuring to be in good hands.
Mrs Brooker Buller Road
Cannot express our appreciation enough of all the efforts made by the Woodingdean team - they were fantastic.
Mr John Mogridge Woodingdean
Paul Wilkinson was extremely helpful and efficient. The only problem was the vendors solicitor and Paul warned me of this. A good transaction all r...
Mr Lavender Fiveways
Thanks for an excellent service.
Mr King Hove
Graham Griffin provided us, and continues to provide us, will all-round excellent advice. We trust his knowledge and expertise.
Mr Blackmore & Ms O'Sullivan Financial Services
All agents at Maslen were extremely helpful and polite from the beginning to the completion of sale.
Mr Johnson Fiveways
Extremely efficient. Nick and Paula are excellent. The weekly phone calls were much appreciated.
Ms Gray Lewes Road
Best Agents in Brighton.
Mrs Field Tarner Road
Very happy with the service we got from you guys, everyone we dealt with was extremely friendly, professional and helpful. Thanks!
Mr Brown Titian Road
Very professional service. Thank you!
Miss New & Mr Jackson Buller Road
Sharon and her team could not have done more in what was a difficult sale.
Ms Daly Woodingdean
Very impressed with the service. Sharon Wareham works tirelessly, very professionally and is always there for advice.
Miss Matthews Kipling Avenue
Paula was absolutely amazing!
Mr & Mrs MacKay Lewes Road
Very pleased with the service. Many thanks to Sharon and the boys!
Mr Flynn Woodingdean
Very pleased with the experience. I would definitely recommend you and use you again.
Ms D Edmonds Horton Road
The sale was dealt with swiftly, professionally and successfully. Thank you Maslen!
Mrs Lincoln Hove
Good team. Straightforward. No nonsense.
Mr Standing Newmarket Road
All the staff I dealt with were excellent. Sharon worked really hard to complete the sale.
Mrs Bent Falmer Gardens
Maslens as a whole were really friendly and professional. I have to thank and congratulate Paula Carter for being superb at her job and exceeding m...
Ms Warren Hove
Paula is amazing!
Ms Aspnall Gladstone Place
Thank you for everything!
Ms Tucker Willow Close
Ben was particularly enthusiastic and helpful. Martin, Paula, Sam and Will are all hard workers.
Ms Goodey Franklin Road
Harvey was helpful and easily reachable at the beginning of the process and Sharon kept us informed and was always happy to help.
Ms Murch & Ms Mapa Ticehurst Road
From start to finish the sale was dealt with in a thoroughly professional manner.
Mr Gibbs Lewes Road