UK housing market sees best sales since 2007

26th April 2017

With the recent news of a June 8 general election, many potential UK home sellers are wondering whether this is the right time to get on the market. After all, it seems possible that buyers will hold off investing until the economic future is more certain.

The most recent house price index from Rightmove, however, suggests that there’s no time like the present for making a great sale. The figures speak for themselves.

Record highs 

With the average price of properties increasing by £3,547 to £313,655 in April, we’re seeing a record high. This figure significantly exceeds the previous high of £310,471, which was set in June 2016.

The South East in particular has seen a 1.3% month-on-month increase in house prices, from £413,059 in March 2017 to £418,489 in April 2017. This follows a gradual annual increase of 2.6%, compared to an average price of £407,686 at the same time of year in 2016. 

Increased demand 

This record increase is a result of high buyer demand across the country. In fact, the number of sales agreed in April is at its highest since 2007, before the credit crunch.

In part, this 10% year-on-year increase is due to a sudden drop in sales last year after the increase in stamp duty. However, we have also seen a 3.8% increase on 2015’s figures, showing an overall steady increase over the last decade. 

First-time buyers are driving much of this market growth, with a 6.5% year-on-year increase on properties in this sector. This shows that significantly more first-time buyers have been able to get their foot on the ladder this year, boding well for future development.

Gradual slowing

It should be noted that despite these increases, the overall pace of property price increase is continuing to slow, with prices rising by 1.1% month-on-month, as opposed to an average 1.6% at this time of year over the past 7 years.

The gradual slowing of price rises is linked to increasingly stretched buyer affordability. As a result, sellers have had to be less over-ambitious with their pricing in order to make a successful sale.

This makes it more important than ever to get a strong valuation from a trusted property expert, ensuring that your original asking price will be met or exceeded, and allowing you to take the next step all the more quickly.

A strong position

Regardless of whether June’s election sees a drop of interest in the housing market, demand looks to remain strong. New-build supply is still struggling to keep pace with the increase of UK household numbers,  meaning that there will continue to be more buyers than properties available.

With 18 years of experience in Brighton and Hove, we’re eager to share our local market knowledge with you. If you’re considering selling your home, we’re here to help you take advantage of current market trends and maximise your property’s potential.

Get in touch with us now for impartial market advice, or check out our seller’s guide to get the ball rolling.

Testimonials

  • 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

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

    Mrs Parkin 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

  • 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

  • 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

  • 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

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

    Miss Hockly Fiveways

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket 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

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

    Mr Patrick Gladstone Terrace

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

    Mr Grundy Bishops 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

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • 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

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

    Mr Upton Buller Road

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

    Mr & Mrs Knight 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

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

    Mr Pilgrim Lewes Road

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

    Mr McBlane Hove

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

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

    Ms Waters Cowley Drive

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes 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

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

    Ms Goodey Franklin Road

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

    Dr Crichton The Ridgway

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

    Mr Wells Bishops Road

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

    Ms Longley Kingsbury Street

  • 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

  • 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

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

    Mr Flynn Woodingdean

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

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

    Mr Gibbs Lewes Road

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

    Mr & Mrs Sawyer Shaftesbury Road

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

    Mr & Mrs Walker 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

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

    Ms Easterbrook Bear Road

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • Thanks for an excellent service. 

    Mr King Hove

  • 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

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

    Mr Beddington Brading Road

  • Excellent service as always

    Mr Field Ringmer Road

  • Paul was absolutely brilliant. 

    Mrs Tasker 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

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

    Ms Curtis The Ridgway

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

    Mrs Hammond Hove

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

    Mr Field Mafeking Road

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

    Ms Daly Woodingdean

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton 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

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Mr & Mrs Smith Lewes Road

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

    Ms Gray Lewes Road

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

    Ms Greene Lewes Road

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

    Miss Matthews Kipling Avenue

  • A really good experience.

    Mr Tibble Lewes Road

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

    Miss Blackadder Coniston Court, Holland 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

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

    Ms Cianchetta Selhurst 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

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

    Ms D Edmonds Horton Road

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

    Mr Woolven & Mrs Bessant-Woolven 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 sale was dealt with swiftly, professionally and successfully. Thank you Maslen!

    Mrs Lincoln Hove

  • Thank you for everything!

    Ms Tucker Willow Close

  • 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

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

    Mr John Mogridge Woodingdean

  • 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

  • Best Agents in Brighton.

    Mrs Field Tarner Road

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Miss Coleman Buller Road

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

    Ms Rees Ticehurst Road

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

  • 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

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

    Mr Hope The Brow

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

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

    Mrs Brooker Buller 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

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

    Ms Ansloos Lewes Road

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

    Mr Alderton Ladysmith Road

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

    Mr Johnson Fiveways

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