Market Trends Autumn 2019

1st November 2019

Market Trends Autumn 2019


Another Brexit deadline has passed and, unfortunately, we're no closer to knowing how leaving Europe will affect the market. We’ve made our predictions, but - at this point - we’ll have to wait and see. 


The market and Brexit


Undoubtedly, we’re in uncharted waters. So, when it comes to buying or selling, what should you do?


Essentially, keep calm and carry on. 


Despite Brexit uncertainty, the Bank of England base rate is still at 0.75% - a record low. This is even more impressive considering that in the 1980s, the rate was as high as 15%. It’s true that no one knows how the Bank of England will react after Brexit. However, it’s hard to imagine these rates could get any lower (we've written more about the BoE base rate and borrowing money here). 


And that’s not the only financial incentive for buyers.


Despite the climate, borrowers can still get great deals on mortgages. Five-year deals are available at a fixed rate of 1.54% - this is incredibly low. However, we’ve seen fewer transactions than in previous years and prices have reduced slightly. 


Source: https://www.plumplot.co.uk/Brighton-house-prices.html


But sellers shouldn’t feel too alarmed. Even if your house sells for less than you had expected, your purchase should cost proportionately less.


And Brexit or no Brexit, Brighton and Hove will always be a desirable place to live. 

There’s little room for expansion with the Downs one side and the sea on the other, so it’s unlikely that the city will be significantly affected by reductions in price.


Lettings

Meanwhile, this lack of space for expansion has produced a very competitive lettings market. As university accommodation grows, allowing more students to stay on campus, many properties have seen increased rents. However, properties that are being looked after by landlords are still being snapped up quickly. But this isn’t the case for those that haven’t been so well maintained.


Interestingly - and for the first time since we can remember - there are still houses in multiple occupations (HMOs) left in Brighton and Hove. Currently - and at the start of the academic year - there are around 300 of these properties left.


Source: https://www.rightmove.co.uk/news/rental-price-tracker/


So whether you’re buying, selling or renting, the message is clear: don’t let Brexit stop you. If it’s the right time in your life to move - go for it. 

Testimonials

  • Extremely efficient. Nick and Paula are excellent. The weekly phone calls were much appreciated. 

    Ms Gray Lewes 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

  • 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

  • Excellent communication and advice throughout. It felt very reassuring to be in good hands.

    Mrs Brooker Buller Road

  • A very positive experience - I had most contact with the Fiveways office and they were so friendly and helpful.

    Ms A King Balfour Road

  • I found the service to be courteous, friendly and efficient.

    Mr Upton Buller Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

  • 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

  • Very pleased with the experience. I would definitely recommend you and use you again.

    Ms D Edmonds Horton Road

  • Cannot express our appreciation enough of all the efforts made by the Woodingdean team - they were fantastic.

    Mr John Mogridge Woodingdean

  • We were very pleased with services provided by the Fiveways office.

    Mr & Mrs Sawyer Shaftesbury Road

  • We were very impressed with the Nick from start to finish. 

    Mr & Mrs Smith Lewes Road

  • Very impressed with all dealings with Maslen. Paula Carter was in particular very knowledgeable and helpful. 

    Mr McBlane Hove

  • 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

  • Thank you for everything!

    Ms Tucker Willow Close

  • 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

  • Very comprehensive and professional. Nice people to work with and highly recommended. 

    Mr Alderton Ladysmith Road

  • A really good experience.

    Mr Tibble Lewes Road

  • Ben was particularly enthusiastic and helpful. Martin, Paula, Sam and Will are all hard workers.

    Ms Goodey Franklin Road

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • Service exceeded my expectations overall at all stages of the process - I wouldn't hesitate to recommend you. Thanks. 

    Ms Greene Lewes Road

  • Very impressed with the efficient and friendly service, the staff were a pleasure to deal with. 

    Mr & Mrs Gill Lewes Road

  • Thank you. We found all the staff knowledgeable and really pleasant to deal with. 

    Ms Ansloos Lewes Road

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

  • A very committed team who made the sale process very easy.

    Ms Rees Ticehurst Road

  • Excellent customer service throughout. I will definitely recommend you, and use you again. Thank you.

    Ms Longley Kingsbury Street

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller 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

  • We were delighted with the service received from all the staff with whom we had contact,

    Dr Crichton The Ridgway

  • All agents at Maslen were extremely helpful and polite from the beginning to the completion of sale. 

    Mr Johnson Fiveways

  • Our local office manager, Sharon Wareham was warm and friendly and kept us up to date at all times.

    Mr Hope The Brow

  • 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

  • A completely painless experience from start to finish. Thank you.

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

  • Paula was fabulous and we felt really informed and supported. 

    Mr & Mrs Walker Lewes Road

  • 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

  • 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

  • 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

  • Sold within 2 weeks for asking price "excellent!"

    Mr Grundy Bishops Road

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

  • Nick and Paula are total stars! They were incredibly supportive and present throughout. Thank you!

    Miss O'Haire Hove

  • Superb service as usual, I would always recommend you.

    Ms S Hike Blackthorn Close

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes 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 impressed with the service. Sharon Wareham works tirelessly, very professionally and is always there for advice. 

    Miss Matthews Kipling Avenue

  • The whole team were very committed from start to finish.

    Mr Pilgrim Lewes Road

  • 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

  • You were amazingly helpful throughout - a real pillar of strength with a very difficult sale.

    Mrs Parkin Fiveways

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

  • 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

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • From start to finish the sale was dealt with in a thoroughly professional manner.  

    Mr Gibbs Lewes Road

  • Brilliant. Well done to Sharon and the Woodingdean team.

    Ms Curtis The Ridgway

  • Sharon was excellent - kept us well informed, thank you so much!

    Ms Waters Cowley Drive

  • Quality advice about when and how to sell, which was spot on. Thank you.

    Miss Coleman Buller Road

  • It was an amazing experience, everyone involved were fantastic. 

    Mr & Mrs Knight Woodingdean

  • An efficient, professional and friendly service. Helpful and a pleasure to do business with.

    Mr Beddington Brading Road

  • Excellent service as always

    Mr Field Ringmer Road

  • 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

  • Very pleased with the service. Many thanks to Sharon and the boys!

    Mr Flynn Woodingdean

  • 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

  • Best Estate Agents ever experienced - professional, approachable, competent and exemplary. 

    Mr & Mrs Guest Riley Road

  • 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

  • All very professional, kept updated throughout. Very pleased - Would recommend. 

    Mrs Hammond Hove

  • Outstanding service from Sharon. James is an asset to Maslens & Harvey was so helpful and polite.

    Ms Cianchetta Selhurst Road

  • Very, very happy we chose you, felt right from the start! Thank you!

    Miss Blackadder Coniston Court, Holland Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

  • 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

  • The sale was dealt with swiftly, professionally and successfully. Thank you Maslen!

    Mrs Lincoln Hove

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • 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

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • Fantastic service. By far the best agents we have ever used, I cannot recommend you highly enough.

    Mr Field Mafeking Road

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes 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

  • All the staff I dealt with were excellent. Sharon worked really hard to complete the sale.

    Mrs Bent Falmer Gardens

  • The staff were very helpful, an excellent service. I would recommend you to others.

    Miss Hockly Fiveways

  • The team worked very hard over a long period to ensure my sale went through - excellent service!

    Mr Patrick Gladstone Terrace

  • Sharon and her team could not have done more in what was a difficult sale. 

    Ms Daly Woodingdean

  • Thanks for an excellent service. 

    Mr King Hove

  • Ben and Paula were calm and reassuring throughout a very difficult process!

    Ms Easterbrook Bear Road

  • 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 Agents in Brighton.

    Mrs Field Tarner Road

  • 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

  • Great service, always polite and friendly. Excellent contact and info all the way.

    Mr Wells Bishops Road

  • A good team at Woodingdean helped us through a stressful time.

    Mr & Mrs Penton Sycamore Close

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

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