Spring Property Market Trends Report

7th April 2022

Spring Property Market Trends Report

April is a perfect time for looking at the state of play in the UK property market. Looking back at the first three months of the year allows us to see how predictions are panning out and also to get a clearer overview of where things might be heading throughout the rest of 2022.

The first quarter

In business it can be a good thing to say an occasional 'we told you so' and in our last market trends report we predicted that December's interest rate rise would be the first of several. 

Three months and two increases in the Bank of England's base rate later we've been proved right. Unfortunately, along with many other commentators we think that more hikes will follow throughout the year, with a possible rate of 2% being likely by December.

This means that if you're thinking of buying and need to get a mortgage in place, now is the best time to get things organised. There are still some great deals on offer although it's anyone's guess as to how quickly lenders will adjust to higher interest rates and rising inflationary pressures.

Our independent mortgage advisor Stuart Gulvin can give you FEE-FREE help and advice on everything from securing the best rate first time buyer mortgage right through to moving to a new deal for your existing property*. Contact him today on 01273 647 390 or by email at [email protected] 

Best time to sell

Spring is always a great time to sell a property because the market generally gets off to a healthy active start as the winter months fade. This year things are even better than usual, with Rightmove calling it "the best-ever spring to sell your home." 

As one of the biggest online property portals, Rightmove's data is second to none when it comes to knowing exactly what's going on in the market. Their latest report highlights how the average asking price of a home across Britain hit a new record high in March, actually being the largest rise seen at this time of year since 2004. 

The research also shows that the gap between the number of home-buyers and sellers is the biggest the company has ever measured opening quarter of a year.

What this means for sellers is extremely good news - a hugely competitive market means many homes  receive multiple offers and also that things tend to move very quickly - one in five properties listed on Rightmove are seeing sales agreed within the first week of 'going live', whilst almost half are having sales agreed within the first fortnight. 

Not only that, house valuations continue to go higher, with the South East region seeing an increase of 3.3% last month and 12.6% year on year. This is backed up with the latest figures from Nationwide revealing that the average house price in Brighton & Hove rose by 12% during January to March this year. 

The rental sector

Landlords have had to bear the brunt of various restrictions during the last two years of the Covid pandemic, but according to the latest data from Goodlord's Rental Index, average rents in England have risen by 6% compared to March last year. 

A proactive Lettings Agent will understand how making the best use of changes in legislation can help improve your return on investment, while saving you the time and effort which is needed to keep up with the often complex revisions that are legal requirements. 

Contact our Senior Lettings Consultant Georgina Tunbridge today and find out how we can make your landlord life both successful and stress-free - call on 01273 321 000 or email her directly [email protected] 

Our consistent five star Google reviews demonstrate our dedication to offering superb customer service and great results for our clients, so let us get you moving! 

 

* 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

  • 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

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

    Mrs Brooker Buller 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 efficient and friendly service, the staff were a pleasure to deal with. 

    Mr & Mrs Gill Lewes Road

  • Thanks for an excellent service. 

    Mr King Hove

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

    Ms Curtis The Ridgway

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

    Mr Pilgrim Lewes Road

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

    Mr Grundy Bishops 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

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

    Miss Coleman Buller Road

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

    Miss O'Haire Hove

  • 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

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • 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

  • 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 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

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

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

    Mr Woolven & Mrs Bessant-Woolven Lewes 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

  • Excellent service as always

    Mr Field Ringmer 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

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

    Ms Waters Cowley Drive

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes 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

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket 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

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

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

    Ms Easterbrook Bear Road

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

    Mrs Lincoln Hove

  • Best Agents in Brighton.

    Mrs Field Tarner Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

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

    Mr & Mrs Guest Riley Road

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

    Ms Gray Lewes Road

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

    Mr & Mrs Sawyer Shaftesbury Road

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

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

    Mr & Mrs Smith Lewes Road

  • Thank you for everything!

    Ms Tucker Willow Close

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

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

    Ms Goodey Franklin Road

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

    Miss Blackadder Coniston Court, Holland Road

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

    Miss Matthews Kipling Avenue

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

    Ms Ansloos 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

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Ms Greene Lewes Road

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

    Mr Field Mafeking Road

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

    Mr & Mrs Knight Woodingdean

  • 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

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

    Ms Longley Kingsbury Street

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

    Mr Witten Lewes Road

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

    Ms S Hike Blackthorn Close

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

    Mr Alderton Ladysmith 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 was fabulous and we felt really informed and supported. 

    Mr & Mrs Walker Lewes Road

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

    Mr Gibbs Lewes Road

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

    Mr McBlane Hove

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton 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 very positive experience - I had most contact with the Fiveways office and they were so friendly and helpful.

    Ms A King Balfour Road

  • 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

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

    Mrs Parkin Fiveways

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • 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

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • A really good experience.

    Mr Tibble Lewes Road

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

    Mr Flynn Woodingdean

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

    Mr Johnson Fiveways

  • 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

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

    Mr Upton Buller Road

  • We cannot recommend Maslen's estate agents enough.

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

    Linda & Les Wigmore Close

  • 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

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

    Ms Rees Ticehurst Road

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

    Dr Crichton The Ridgway

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

    Ms Cianchetta Selhurst Road

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

    Ms D Edmonds Horton Road

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

    Mr Patrick Gladstone Terrace

  • 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

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

    Miss Hockly Fiveways

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • 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

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

    Mr Hope The Brow

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

    Mr Beddington Brading Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

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

    Mrs Bent Falmer Gardens

  • 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

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

    Mr John Mogridge Woodingdean

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