Spring Property Market Trends Report

26th March 2024

Spring Property Market Report April 2024

Easter always marks a turning point in the year and the seasons changing affects the property market just as it does every other aspect of life.

For one thing, it means the first financial quarter of the year is already behind us. So far 2024 has seen a strong and positive start. The number of agreed sales is outstripping those of the same period last year, proving on a local basis that sensible and competitive pricing is currently the key to a successful sale.

This kind of positive news from industry benchmark data provider Rightmove paints the picture in broad strokes, but what does it all really mean for those looking to sell or buy a home in the coming months?

Good news

In the main it's good news on most fronts. Although the recent budget was something of a damp squid when it came to anything to do with buying or selling property, the overall economic position is a favourable one for the market.

The latest decision of the Bank of England to keep their interest base rate at a fifteen year high might indicate otherwise, but the rates that matter are those set by lenders for mortgages.

These have been falling for some months, so why is this? Essentially a mortgage rate needs to reflect where things are going rather than where they are right now, and inflation figures are tumbling and BoE rate cuts are widely expected over the coming months.

This means that mortgages are getting more affordable all the time and that's good news for both buyers and sellers.

Achieving a sale

Although prices and valuations are moving back up the fact is that it's something of a buyer's market right now. With mortgage rates still much higher than they were for a considerable period, people are taking their time to find the right property at the right price.

For anyone looking to sell their home, this means that they need to be realistic when it comes to pricing their property to going on the market.

With that in mind, property values have risen significantly in the last ten years. Official figures from the ONS show the average UK house price went up by 73% between January 2013 and January 2023.

So if you've been in your home for some time it's almost certain that your home is worth much more than when you bought it.

Brighton and Hove

Facts and figures that reflect national trends are always useful, however as always it's what's going on at a local level that really matters to anyone wanting to buy or sell a home. 

Brighton and Hove has a very healthy, active property market and it's no surprise that so many people want to live here. As an established estate agency that has been working across the whole of the city for a quarter of a century we know every location extremely well.

We know why some people will want to live in a certain location while others fill favour somewhere completely different. The fact that Brighton and Hove offers everything from central-city living and suburban life right through to semi-rural settings really does mean there is something for everyone.

If you're interested in selling or buying a Brighton or Hove home talk to us - we can help!

Call 01273 677 001, email [email protected] or pop into our central hub on Lewes Road to have a chat in person.

Testimonials

  • Excellent service as always

    Mr Field Ringmer Road

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

    Ms Gray Lewes Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

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

    Ms D Edmonds Horton Road

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

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

    Mr Wells Bishops Road

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

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

    Mrs Parkin Fiveways

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

    Mr John Mogridge Woodingdean

  • 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

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

    Mrs Lincoln Hove

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

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

    Ms Greene Lewes Road

  • Thank you for everything!

    Ms Tucker Willow Close

  • 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

  • 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

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • 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 Service from start to finish.

    Mr T Mole Cromwell Road

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

    Ms Rees Ticehurst 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

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

    Ms Goodey Franklin Road

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

    Miss Hockly 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

  • 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

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

    Ms Curtis The Ridgway

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

    Miss Matthews Kipling Avenue

  • 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

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • 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

  • A really good experience.

    Mr Tibble Lewes Road

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

    Mr Patrick Gladstone Terrace

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

    Mrs Bent Falmer Gardens

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

    Mr McBlane Hove

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

    Ms Easterbrook Bear 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

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

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

    Mr Woolven & Mrs Bessant-Woolven 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

  • 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

  • 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

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

    Mr Beddington Brading 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

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

    Mrs Hammond Hove

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

    Mr Flynn Woodingdean

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave 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

  • 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

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

    Mr Gibbs Lewes Road

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Ms Daly Woodingdean

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

    Miss Blackadder Coniston Court, Holland Road

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

    Mr Grundy Bishops Road

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

  • We cannot recommend Maslen's estate agents enough.

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

    Linda & Les Wigmore Close

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

    Ms A King Balfour Road

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

    Mr & Mrs Guest Riley Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey 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

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

    Mr & Mrs Knight Woodingdean

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

    Miss O'Haire Hove

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton 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

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Best Agents in Brighton.

    Mrs Field Tarner Road

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

    Mr Field Mafeking Road

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

    Ms Cianchetta Selhurst Road

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

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

    Mr Alderton Ladysmith Road

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

    Ms Ansloos 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

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

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

    Ms Waters Cowley Drive

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

    Mr & Mrs Smith Lewes Road

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes Road

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

    Mr Upton Buller Road

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

    Ms Longley Kingsbury Street

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

    Mr Pilgrim Lewes Road

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

    Mr & Mrs Penton Sycamore Close

  • 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

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

    Ms S Hike Blackthorn Close

  • 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

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

    Mr Johnson Fiveways

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

    Dr Crichton The Ridgway

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

    Mrs Brooker Buller Road

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

    Mr Hope The Brow

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