Market Trends Spring 2020

1st April 2020

Buying, selling and letting post-Brexit

Following Brexit, January and February saw a noticeable upturn in sales and general interest. With new-found assurance, buyers were acting with confidence, whilst sellers were also feeling ready to put their properties on the market. 


The lettings market also had a steady start this year. Following Brexit, we saw a growing number of people decide to let their properties in Brighton and Hove. Furthermore, the quality of these houses and flats continues to be of a good standard. So whether you’re a landlord hoping to let or a tenant looking to rent, we’re in a great position to help.




House prices before and after the Brexit vote

Source: https://www.ons.gov.uk/economy/inflationandpriceindices


The coronavirus and the housing market

However, with many people having to self-isolate in light of the Coronavirus (COVID-19), we’ve seen fewer valuations and viewings. Following government guidance - and with the safety of the public and our staff in mind - we’re now working remotely. However, we are still available on the same number if you’d like to get in touch. 


Importantly, measures have been taken to combat the outbreak’s economic effect.


The Bank of England cuts its base rate

In light of COVID-19, the Bank of England cut the base rate twice in March. It now sits at 0.1%, which is the lowest rate since the Bank of England was established in 1694.


This doesn’t necessarily mean that mortgage rates will drop. These are already at near-historic lows, especially on deals where homeowners have fixed their rates.. However, borrowers that are on a tracker rate will see an immediate benefit. What’s more, there are still some great mortgage deals available for home purchase, remortgage and buy-to-let.


There was also some good news for domestic buyers following the budget.


What the budget means for buyers

It was announced in the budget that non-UK resident buyers will have to pay an additional two per cent stamp duty. Because of the falling pound, UK housing had previously been more affordable to overseas buyers. However, domestic buyers have been contending with stagnant wage growth and ultra-low interest rates. Essentially, they were fighting a losing battle with prices and their ability to save. However, this extra two per cent should help level the playing field. This will take effect from April 2021. Furthermore, the Chancellor said the money raised from this tax will be used to fund 6,000 new homes for homeless people.


All in all, there are still plenty of reasons to feel optimistic about the property market in 2020. Whether you’re a buyer, seller, landlord or tenant, our friendly team is still here to help.

Testimonials

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

    Miss Hockly Fiveways

  • 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

  • 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

  • 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

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • 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

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

    Mr Upton Buller Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey 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

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

  • Thanks for an excellent service. 

    Mr King Hove

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

    Mr McBlane Hove

  • 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

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Ms Longley Kingsbury Street

  • 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

  • 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

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

    Mr Alderton Ladysmith Road

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

    Mr & Mrs Sawyer Shaftesbury Road

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

    Ms D Edmonds Horton Road

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

    Mrs Hammond Hove

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

    Mr Gibbs 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 professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

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

    Mr Field Mafeking Road

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

    Ms Rees Ticehurst Road

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Mrs Lincoln Hove

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

    Mr & Mrs Gill Lewes Road

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

    Mr Flynn Woodingdean

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

    Ms Daly Woodingdean

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes 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

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

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

    Mr & Mrs Penton Sycamore Close

  • Excellent service as always

    Mr Field Ringmer Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

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

    Miss Blackadder Coniston Court, Holland Road

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

    Mr Johnson Fiveways

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

    Mr Grundy Bishops Road

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

    Mr & Mrs Smith Lewes Road

  • Thank you for everything!

    Ms Tucker Willow Close

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • 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

  • 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

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

    Ms Ansloos Lewes Road

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

    Mrs Bent Falmer Gardens

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

    Mr Pilgrim Lewes Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • 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

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

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

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

    Ms Waters Cowley Drive

  • 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

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

    Mr & Mrs Walker Lewes Road

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

    Miss Coleman Buller Road

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

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

    Mr & Mrs Guest Riley 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

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

    Ms Gray 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

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

    Mr & Mrs Knight 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

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

    Ms A King Balfour Road

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

    Mrs Parkin Fiveways

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

    Mr Hope The Brow

  • 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

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

    Ms Cianchetta Selhurst Road

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Mr Patrick Gladstone Terrace

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

    Ms S Hike Blackthorn Close

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

    Mr Wells Bishops Road

  • 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 Paul and Archie, you gave an excellent service, as well as Kelly. I look forward to working with you again. 

    Mr White Fiveways

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

    Ms Curtis The Ridgway

  • 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

  • A really good experience.

    Mr Tibble Lewes Road

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

    Dr Crichton The Ridgway

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

    Mr Beddington Brading Road

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

    Mr John Mogridge Woodingdean

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

    Mrs Brooker Buller Road

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

    Ms Easterbrook Bear Road

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

    Ms Goodey Franklin Road

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

    Miss O'Haire Hove

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

    Ms Greene Lewes Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

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