Market Trends Autumn 2020

12th October 2020


 Market Trends Autumn 2020

It's fair to say that the property market has been extremely busy since lockdown measures were lifted. Lockdown made its mark in many different ways on the whole of society and gave many of us time to reflect not just on where but also how we live. So it was inevitable that during the weeks when the whole market was forced to close that a pent-up demand for a new home and a fresh start would result in a mini-boom.

Stamp Duty

On top of the usual reasons for wanting to move, such as starting a family or relocating for a new job, two main factors have been behind the surge. The Stamp Duty holiday has of course meant that the idea of moving or becoming a first time buyer has become far more affordable and at the time of writing it's reported that UK homebuyers have already saved an astounding £108m. No matter where you are on the property ladder there are savings to be made, as long as you exchange and complete before the deadline. Our handy calculator can help you to work out just how much difference it could make to you.

Gardens and Home Offices

The other main factor that we've especially noticed here in Brighton and Hove is that time spent at home during lockdown has given people a huge opportunity to re-evaluate their lives with many deciding to move away from London and its suburbs to greener and coastal locations where they can have some outside space to call their own.

House Prices

Although the market is supremely active at the moment, the other thing that stands out is the fact that enquiries are coming in fairly equal amounts from both buyers and sellers. This is unusual but it does mean that on the whole prices are being kept in check.

Mortgages


Source Statista/ Bank of England

When it comes to mortgages, the rates remain very attractive and the good news is that more lenders have come back into the market with new deals. Mortgage approvals reached their highest rate for 13 years in August, and although the government's announcement of introducing 95% LTV mortgages to help young people become first time buyers is both interesting and encouraging we'll need to wait and see how they plan to achieve this.

Bottlenecks and Backlogs

The one side effect this surge in activity has had is the unforeseen delays in progressing sales through to completion. Sales are being agreed at a high volume and faster rate than usual resulting in a backlog of work for solicitors, surveyors and lenders, some of whom are only just returning to work from furlough.

With some mortgage valuers and surveyors not being able to visit a property for 3/4 weeks, an inevitable bottleneck is occurring meaning that it is taking longer than usual for estate agents to be able to hand over the keys.

Lettings

The uptick in activity is echoed in the rental sector, and our Lettings team remains exceptionally busy. Rents remain stable, and in the same way that people are looking to buy new homes tenants are also looking to change their lifestyles, relocate and move to properties with gardens and work from home space.

Relocating

The time for reflection that lockdown gave us has impacted on each level of the property market. Over the past few months the level of enquiries from people looking to relocate from London has noticeably grown, whilst at the same time many of our local clients looking to sell their homes are hoping to move to even more greener and perhaps more tranquil parts of the country such as the market towns and villages of the Cotswolds, Cornwall and Devon.

All in all, if you're thinking of moving, now is still a great time to do it and if you're quick there's a great chance that you can still benefit from the Stamp Duty holiday. For a free and confidential valuation contact us now and if you'd like independent advice on your mortgage options email Stuart for an informal chat - let us help you move on with your life.

 



Testimonials

  • 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

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

    Mr Patrick Gladstone Terrace

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

    Ms Cianchetta Selhurst Road

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

    Mr & Mrs Sawyer Shaftesbury Road

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

    Mr Upton Buller Road

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes 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

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

    Mr & Mrs Smith Lewes Road

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Mr John Mogridge Woodingdean

  • 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

  • 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

  • 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

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes Road

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

    Mrs Bent Falmer Gardens

  • 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

  • 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

  • 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

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

    Mr Field Mafeking 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

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

    Mr & Mrs Penton Sycamore Close

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

    Dr Crichton The Ridgway

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

    Ms Curtis The Ridgway

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

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

    Mrs Lincoln Hove

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

    Mrs Hammond Hove

  • 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

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

    Ms Goodey Franklin 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

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

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

    Ms D Edmonds Horton 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

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

    Ms Daly 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

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

    Ms Ansloos 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

  • 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

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

  • Excellent service as always

    Mr Field Ringmer Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

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

    Ms Longley Kingsbury Street

  • Very helpful and patient team.

    Mrs Shea Selborne Place

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

    Mr & Mrs Gill Lewes Road

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

    Mr Gibbs Lewes Road

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

    Mr & Mrs Walker Lewes Road

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

    Mr Wells Bishops Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

  • 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

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

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Miss Hockly Fiveways

  • 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

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

    Mr Johnson Fiveways

  • Paula is amazing!

    Ms Aspnall Gladstone Place

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

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

    Ms Greene Lewes Road

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

    Mr & Mrs Guest Riley Road

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

    Mr Grundy Bishops Road

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

    Mrs Brooker Buller Road

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

    Miss Coleman Buller Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

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

    Mr Hope The Brow

  • We cannot recommend Maslen's estate agents enough.

    Many thanks to Paul, Donna, Janette and the...

    Linda & Les Wigmore Close

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

    Mrs Parkin Fiveways

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

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

    Mr McBlane Hove

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

    Ms Gray Lewes Road

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

    Ms Rees Ticehurst 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

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

    Mr Pilgrim 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

  • 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

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

    Mr Beddington Brading Road

  • Thank you for everything!

    Ms Tucker Willow Close

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Best Agents in Brighton.

    Mrs Field Tarner 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 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

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

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

    Ms Easterbrook Bear Road

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

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

    Mr Alderton Ladysmith Road

  • A really good experience.

    Mr Tibble Lewes Road

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

    Ms Waters Cowley Drive

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

    Mr Flynn Woodingdean

  • Thanks for an excellent service. 

    Mr King Hove

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

    Mr & Mrs Knight Woodingdean

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

    Miss Blackadder Coniston Court, Holland Road

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