Market Trends - January 2019

2nd January 2019

Brexit negotiations are still in progress and there’s uncertainty on how it will affect the property market. We’ve taken a look at the current trends, and given our advice for 2019.


A good time for first time buyers

Property prices have dropped over the past few months. This means that for first time buyers, now is a great time to buy because house prices are at their lowest in recent times.

As well as cheaper property, borrowing money is still affordable, with the Bank of England base rate currently at 0.75%. 

You may have read that mortgage rates could dramatically increase once we’re through Brexit. In reality, any increase in rates will be slow and steady, rising to a potential 5% in the next few years.

We need to remember that mortgage rates are still significantly cheaper in 2019 than the late 1980s, where rates hit 16%.



Graph credit: https://www.propertyinvestmentproject.co.uk/property-statistics/uk-interest-rate-history-graph/


Reconsider selling your property

People are waiting before deciding to sell. This is in the hope that house prices will rise and they can get more for the property. 

Our advice is to be realistic with your asking price. 

If you're selling your home for a lower price than you'd like, remember that the new property you buy will also be cheaper - meaning you can get more for your budget. 

Accepting lower offers or valuations for your current home will attract more buyers. It also means you can sell your home quicker, rather than sitting stagnant at a more expensive price. 

As shown below, the lower your asking price is, the more people you can attract. For example, people with a budget of £400k, may also look at homes costing £425k. 

If you lowered your asking price from £450k, to £425k, you’d likely reach more potential buyers and sell your home more quickly. 



Brighton & Hove

Property prices in Brighton & Hove are more resilient as people will always need to move house. Brighton boasts the Sussex Downs, and the seaside, with an easy commuting route to London, making it incredibly desirable. It is a competitive market to buy in. If prices continue to lower, they are more than likely to bounce back at the same speed they dropped, as we have seen in previous recessions. 


Rental market

The rental market in Brighton & Hove is still strong as there is a high demand from renters. This means that landlords are still achieving good rental value for their properties. 

However, we’ve seen a decrease in landlords buying to let over the past few years. Additional stamp duty and taxation have affected landlords across the board.

Whatever the case with Brexit, Maslen Estate Agents can help landlords achieve competitive rents through our trusted lettings service.


Key takeaways



Testimonials

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

    Ms A King Balfour Road

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

    Mrs Brooker Buller Road

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

    Mr Pilgrim Lewes Road

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

    Ms Cianchetta Selhurst Road

  • Already recommended you! Thank you.

    Mr Edwards 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 professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • 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 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

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

    Miss Coleman Buller 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

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

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

    Ms Daly Woodingdean

  • Best Agents in Brighton.

    Mrs Field Tarner Road

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

    Ms Curtis The Ridgway

  • 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

  • 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

  • Thanks for an excellent service. 

    Mr King Hove

  • 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

  • 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

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

    Ms Waters Cowley Drive

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

    Mr & Mrs Walker Lewes Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Mrs Bent Falmer Gardens

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

    Mr Upton Buller Road

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

    Ms Easterbrook Bear Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

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

    Dr Crichton The Ridgway

  • 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

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

    Ms Goodey Franklin Road

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

    Ms Longley Kingsbury Street

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

    Mr Grundy Bishops Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes 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 completely painless experience from start to finish. Thank you.

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

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

    Mr Flynn Woodingdean

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

    Ms Ansloos Lewes Road

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

    Mr Johnson Fiveways

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

    Ms S Hike Blackthorn Close

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

    Mr & Mrs Guest Riley 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

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

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

    Mr Gibbs Lewes Road

  • Very impressed with the service. Sharon Wareham works tirelessly, very professionally and is always there for advice. 

    Miss Matthews Kipling Avenue

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

    Mr Alderton Ladysmith Road

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

    Mr Patrick Gladstone Terrace

  • Very pleased with the excellent service throughout. Professional, friendly, efficient and no hard sell. Achieved above asking price. Thank you!

    Mr Witten Lewes Road

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

    Mr & Mrs Gill 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

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

    Mr Hope The Brow

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

    Miss Hockly Fiveways

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

    Mr McBlane Hove

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

    Mr Field Mafeking Road

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

    Mrs Hammond Hove

  • Excellent service as always

    Mr Field Ringmer Road

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

  • 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

  • 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

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

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

    Mrs Parkin Fiveways

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

    Ms Gray Lewes Road

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

    Mrs Lincoln Hove

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

    Mr John Mogridge Woodingdean

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

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

    Mr & Mrs Knight Woodingdean

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

    Mr & Mrs Smith Lewes Road

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

    Miss Blackadder Coniston Court, Holland Road

  • Paula is amazing!

    Ms Aspnall Gladstone Place

  • Thanks David, all very professional.

    Mrs Flowers Foxdown 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

  • 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

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

    Mr Beddington Brading Road

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper 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

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall 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

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

    Ms Rees Ticehurst Road

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

    Miss O'Haire Hove

  • 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

  • Thank you for everything!

    Ms Tucker Willow Close

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

    Ms Greene Lewes 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

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

    Mr & Mrs Sawyer Shaftesbury Road

  • A really good experience.

    Mr Tibble Lewes Road

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

    Mr Wells Bishops Road

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

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