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

  • Thank you Maslens, you were all excellent!

    Miss Jasper Brighton

  • As always, an excellent service. 

    Mr & Mrs Field Brighton

  • I have bought and sold 7 properties, and this was the best experience of an estate agents services I have found.

    Mrs Shepherd Brighton

  • Excellent service as always

    Mr Field Brighton

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

    Mrs Hammond Brighton

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

    Mr Beddington Brighton

  • Please thank Paul at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Brighton

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

    Ms Longley Brighton

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

    Mrs Brooker Brighton

  • Thanks for an excellent service. 

    Mr King Brighton

  • Very professional and friendly. The only estate agents I would trust and recommend.

    Jean Hurley Brighton

  • In what could have been a very stressful situation it has been a pleasure dealing with you and I can’t speak highly enough of the service provided.

    Gill Frost Hove

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

    Ms Rees Brighton

  • A really good experience.

    Mr Tibble Brighton

  • Paul was absolutely brilliant. 

    Mrs Tasker Brighton

  • Estate agents generally have bad reputations b...

    Dan Harris Brighton

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

    Ms D Edmonds Brighton

  • In my situation, moving the sale of my home to Maslen Estate Agents really was a case of third time lucky!

    Lise Henderson Hove

  • 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 Brighton

  • I would recommend Maslen to anyone. 

    Mrs Tripp Brighton

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

    Mr Field Brighton

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

    Mr & Mrs Knight Brighton

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

    Ms Greene Brighton

  • Very helpful and patient team.

    Mrs Shea Brighton

  • This was the best experience I’ve ever had of estate agents. Professional, calm and understanding.

    Elinor James Hove

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

    Dr Crichton Brighton

  • All the staff were professional, cheerful and supportive throughout the long process.

    Mr R Turner Shoreham

  • Best Agents in Brighton.

    Mrs Field Brighton

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

    Mr Woolven & Mrs Bessant-Woolven Brighton

  • These guys are the real deal, highly experienced, no nonsense, honest and by far and away the most reliable we have encountered. 

    Sarah Studd Hove

  • Very happy with the service we got from you guys, everyone we dealt with was extremely friendly, professional and helpful. Thanks!

    Mr Brown Brighton

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

    Miss Coleman Brighton

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

    Mr Grundy Hove

  • Maslen made the selling of my flat as easy as...

    Victoria Bradley-Barnard Brighton

  • Very polite, good communication, excellent service.

    Alicia Van der Sluis Surrey

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

    Mr Gibbs Brighton

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

    Mr Pilgrim Brighton

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

    Mr & Mrs Gill Brighton

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

    Miss Hockly Brighton

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

    Ms Ansloos Brighton

  • Excellent Service from start to finish.

    Mr T Mole Hove

  • The team provided the best service I have ever received from an estate agent. I would not hesitate to recommend them to anyone.

    Nicki Myers Woodingdean

  • Donna was such a friendly and helpful support...

    Victoria Lander Brighton

  • Thank you to all the team at Maslen, especiall...

    Gabrielle Gardner Brighton

  • Maslen's were amazing estate agents. Through,...

    Sarah Goodfellow Brighton

  • Really pleased with the service and will definitely recommend to others.

    Ruth Kendall Brighton

  • Everyone at Maslen's were amazing, from Sam's...

    William Slingsby Brighton

  • You are the best estate agent I have ever dealt with and we will be recommending you to anyone moving!

    Hazel Young Hove

  • Delighted with the service provided. Very professional and skilful.

    Nicky Conlan Hove

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

    Mr Witten Brighton

  • Already recommended you! Thank you.

    Mr Edwards Brighton

  • Very thorough & very informative.

    Mr Michnowicz Brighton

  • First class service. Friendly and professional.

    Mr Thorne Brighton

  • All staff extremely helpful and polite. They made our move very smooth and less stressful.

    Mr & Mrs Gosling Woodingdean

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

    Mr & Mrs Guest Brighton

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

    Mr Upton Brighton

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

    Mr Alderton Brighton

  • Your advice, support and understanding whilst dealing with the property were invaluable, making everything so easy.

    Janine Suttner Brighton

  • Thanks for all your help and assistance. Very friendly and professional service.

    Lisa Downary Brighton

  • 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 Brighton

  • 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 Brighton

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

    Mr Patrick Brighton

  • Maslen's were extremely helpful and profession...

    Bridget Allen Brighton

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

    Miss Blackadder Hove

  • Maslen's were very good at keeping in touch an...

    Penny Ashby Brighton

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

    Mr Johnson Brighton

  • I found everyone helpful, positive and courteous.

    Jean Wooldridge Evesham

  • First class service from a first class team.

    Mr & Mrs English Brighton

  • Several leagues above any other estate agent I have had contact with. Kept fully informed every step of the way.

    Paul Cade Haywards Heath

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

    Ms S Hike Brighton

  • Donna was our vendors sales progressor. We cou...

    Allan Da Silva Brighton

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

    Mrs Lincoln Brighton

  • Thank you for everything!

    Ms Tucker Brighton

  • 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 Brighton

  • From first valuation to completion day the Mas...

    Sam Brighton

  • Good team. Straightforward. No nonsense.

    Mr Standing Brighton

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

    Mr Wells Hove

  • Had a great experience with the purchase of ou...

    jennifer Willson Brighton

  • Thank you for your service, I would (and have) recommended you to my friends.

    Liz Dean Brighton

  • Compared to your rivals, your service was excellent

    Ms McGrigor Brighton

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

    Mrs Parkin Brighton

  • The best estate agents we have ever used. Friendly, efficient and above all truthful! You are in danger of giving estate agents a good name!

    Jacquie Ellis-Jones Shoreham

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