Property Market Trends Report - Winter 2022

4th January 2022

Winter Property Market Trends Report

The start of any year inevitably leads to reviewing what has happened over the past twelve months, whilst also looking forward to what the coming weeks may have in store.

When it comes to a yearly overview of the property market, each time this brings a unique insight into past events and throws up some interesting possibilities for the future. Of course with the ongoing uncertainty of possible new restrictions or even lockdowns, accurately predicting what will happen within the property market will probably need a hugely high powered crystal ball, however the ongoing imbalance of supply and demand will inevitably still play a major part.

That was the year...

2021 was the second year that the Covid phenomenon impacted on the UK's housing market, although thankfully not quite in such a dramatically negative way.  The first lockdown in 2020 saw the entire sector being forced to shut up shop for a few months and was a frustrating time for everyone.

The impacts of the ongoing pandemic in 2021 actually had some positive effects, with buyers benefitting from the extended Stamp Duty Holiday and continued low interest rates and vendors being able to take advantage of exceptionally high levels of interest and activity.

However, as the year came to a close things were already beginning to move in different directions and provide hints as to what might happen in 2022.

Looking ahead

The mid-December decision by the Bank of England to raise interest rates for the first time in more than three years will have a knock-on effect for anyone looking for a new mortgage.

Although the rise from 0.1% to 0.25% still means rates are low in an historical context, it is likely to be the first of a number of small increases as inflation figures are rising and prices in general are going up at their fastest for a decade.

If you'd like confidential FEE-FREE help and advice in securing a mortgage, whether that's as a first time buyer or simply moving to a new deal, contact our independent mortgage advisor Stuart Gulvin today on 01273 647 390 or email him at [email protected]  *

The pace continues

It seems likely that market activity for buying and selling will continue at the frantic pace that we have seen over the past year, as once again the main property portals saw the number of people browsing properties during the post-Christmas Day festive period increasing year on year.

Latest research figures from a prominent high street building society suggests that a drop in household expenditure during lockdown, an increased number of low deposit mortgage deals, decreasing unemployment and low borrowing costs are all greatly contributing to the current levels of people looking to move home. It’s interesting to note that although we’ve lived through the uncertainty of a pandemic, the number of first time buyers in 2021 was the highest in 20 years, equating to approximately half of all houses bought with a mortgage.

A rise in prices

The price of residential property hit a record high at the end of 2021, rising by 10.4% in the 12 months to December. Robert Gardner, Chief Economist at the Nationwide states that “prices are now 16% higher than before the pandemic struck in early 2020,” and the latest House Price Report reveals that the average price of a UK home reached £254,822 in December 2021 – an increase of nearly £24,000 in relation to the previous year.

The report shows that even though annual growth was at its strongest for 15 years, there’s still ample opportunity for it to continue on an upward curve this year. So if you are thinking of moving now is still a great time to do it. Contact us today for a free, up to date valuation with no absolutely no strings attached.

Landlord life

Likewise the rental sector shows no signs of slowing down in terms of demand. Recent research by the National Residential Landlords Association found that 74% of private landlords in the South East reported demand for homes to rent had increased in the third quarter of this year, compared to a national average of 57%.

In fact, the figures for the region placed it as the second highest in terms of activity across England and Wales, so if you’d like a pro-active Lettings Agent to make your landlord life both successful and stress-free contact Georgina Tunbridge our Senior Lettings Consultant today on 01273 321 000 or click here to email her directly.

Providing the very highest levels of service

For our own part, we have achieved record figures for our clients in terms of sales whilst at the same time being able to find so many buyers their new dream home in 2021. Recognised once again as being ‘one of the very best Estate Agents in the country’ in the brand new best Estate Agent Guide, 2021 really was a win-win year for us.

The dedication to superb customer service, consistent five star Google reviews and fantastic results for our clients, are all things we intended to continue in this New Year and we hope that we can get you moving!

For help in buying, selling, renting or letting our local branches would love to hear from you.

 

* Maslen Financial Services Limited trading as Maslen Financial Services is an Appointed Representative of HL Partnership Limited which is authorised and regulated by the Financial Conduct Authority. Your home may be repossessed if you do not keep up repayments on your mortgage

Testimonials

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

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

    Mr Alderton Ladysmith Road

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

    Mrs Parkin Fiveways

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

    Miss Blackadder Coniston Court, Holland Road

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

    Mr Patrick Gladstone Terrace

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

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

    Mr Witten 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

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

    Ms Gray Lewes Road

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

    Ms Easterbrook Bear Road

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

    Miss Matthews Kipling Avenue

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

    Mr Hope The Brow

  • 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

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

    Mr & Mrs Guest Riley Road

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

    Mr & Mrs Penton Sycamore Close

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

    Mr Wells Bishops Road

  • Thanks for an excellent service. 

    Mr King Hove

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

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

    Miss Coleman Buller 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

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

    Mr & Mrs Sawyer Shaftesbury 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

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

    Mrs Bent Falmer Gardens

  • 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

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

    Ms Waters Cowley Drive

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

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

    Mrs Brooker Buller Road

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

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

    Mr Field Mafeking Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • 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

  • 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

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

    Ms Goodey Franklin Road

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

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

    Mr Gibbs Lewes Road

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

    Mr John Mogridge Woodingdean

  • 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

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

    Mrs Lincoln Hove

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes Road

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

    Ms Longley Kingsbury Street

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

    Mr & Mrs Knight Woodingdean

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

    Ms Cianchetta Selhurst Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Ms S Hike Blackthorn Close

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

    Mr Johnson Fiveways

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

  • Thank you for everything!

    Ms Tucker Willow 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

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

    Mr White Fiveways

  • 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

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

    Mr McBlane Hove

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

    Ms Daly Woodingdean

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

    Mr & Mrs Walker Lewes Road

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

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

    Mr Woolven & Mrs Bessant-Woolven 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

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

    Mrs Hammond Hove

  • 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

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

    Ms Rees Ticehurst Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

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

    Ms Ansloos Lewes Road

  • We cannot recommend Maslen's estate agents enough.

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

    Linda & Les Wigmore Close

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

    Mr Flynn Woodingdean

  • Paula is amazing!

    Ms Aspnall Gladstone Place

  • 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

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall 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

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

    Miss Hockly Fiveways

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Mr Grundy Bishops Road

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

    Mr Pilgrim Lewes Road

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

    Mr Beddington Brading Road

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

    Mr Upton 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

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

    Ms A King Balfour Road

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

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

    Ms Curtis The Ridgway

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • Best Agents in Brighton.

    Mrs Field Tarner Road

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

    Ms D Edmonds Horton 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 really good experience.

    Mr Tibble Lewes Road

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

    Miss O'Haire Hove

  • Excellent service as always

    Mr Field Ringmer 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

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

    Dr Crichton The Ridgway

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

    Mr & Mrs Gill Lewes Road

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

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

    Ms Greene Lewes Road

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

    Mr & Mrs Smith Lewes Road

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