Summer Property Market Trends Report

3rd July 2024

Summer Property Market Report July 2024

How the results of the General Election will affect the property market over the coming months is what many will be wondering about. The answer to that is we'll have to wait and see!

With any 'free market' there is really only so much Westminster can do to influence things - what really matters is that people always want to buy and sell homes and their actions determine prices and activity.

During and immediately after previous General Elections property market activity has remained largely steady and recent weeks have followed a similar pattern. At the time of writing the latest data from Rightmove show that our Lewes Road office has had the most 'sales agreed' of any Brighton estate agent office to date in 2024.

So where exactly do things stand in Summer 2024?

Strong and stable 

The latest benchmark industry data from Rightmove covering the whole of the market reveals that the positive momentum built up so far in 2024 shows no signs of slowing down.

The average price of property that came to market for sale in June saw prices follow the familiar seasonal pattern - they remained at the levels of the all-time record high set in May.

This is mainly because the majority of buyers and sellers went ahead with their plans even after the election was announced. In fact, over the last month sales agreed numbers were steady and 6% higher than the same time last year.

Likewise, buyer demand is 5% higher than last year.

Change

Of course in the aftermath of an election there will always be change, although it can be difficult to predict in which ways this will affect property.

One positive aspect that is likely to happen at some point soon is a reduction in the base rate set by the Bank of England. The stubbornly high mortgage rates over the past year have certainly had a dampening effect, but unless inflation starts to rocket up again it's a fair bet that we'll see some good news sooner rather than later.

Brighton and Hove

Here in our city we have many unique aspects to our local property market. The fact is that people want to live here! That's always good news for both sellers and landlords, because it means that the market is generally healthy in spite of what might be happening elsewhere in the country.

It also highlights why it is essential to use the knowledge and skills of a really local independent estate agent when you want to sell your home. At Maslen we have a city-wide reputation that has been built up over many years and on top of that we’ve also been recognised for the 7th consecutive year as one of the very best in the entire UK for our results and levels of service in the Best Estate Agent Guide 2024.

So if you want to sell, buy or let a home anywhere in Brighton or Hove talk to us - we can help you achieve the result you're looking for. 

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

Testimonials

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

    Mr & Mrs Gill Lewes Road

  • 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

  • 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

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

    Miss Matthews Kipling Avenue

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

    Miss O'Haire Hove

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

    Mr & Mrs Walker Lewes Road

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

    Mr & Mrs Knight Woodingdean

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

    Mrs Lincoln Hove

  • A really good experience.

    Mr Tibble Lewes Road

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

    Ms D Edmonds Horton Road

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

    Mrs Bent Falmer Gardens

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

    Mr John Mogridge Woodingdean

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

    Mr & Mrs Sawyer Shaftesbury Road

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • As always, an excellent service. 

    Mr & Mrs Field 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

  • I would recommend Maslen to anyone. 

    Mrs Tripp Woodingdean

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • Thank you for everything!

    Ms Tucker Willow Close

  • The Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

  • 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

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • 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

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket Road

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • 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

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

    Mr Upton Buller Road

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

    Mr Gibbs Lewes Road

  • Excellent service as always

    Mr Field Ringmer 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

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

    Mr Wells Bishops Road

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

    Mr & Mrs Smith 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

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

    Mrs Brooker Buller Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Mrs Parkin Fiveways

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

    Miss Coleman Buller Road

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • Thank you Maslens, you were all excellent!

    Miss Jasper Taunton Road

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

    Ms Ansloos Lewes Road

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

    Mr Johnson Fiveways

  • 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

  • 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

  • Best Agents in Brighton.

    Mrs Field Tarner Road

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

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Mr Pilgrim 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

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

    Mr Hope The Brow

  • Paula was absolutely amazing!

    Mr & Mrs MacKay Lewes Road

  • 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

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

    Ms Cianchetta Selhurst Road

  • We cannot recommend Maslen's estate agents enough.

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

    Linda & Les Wigmore Close

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

    Ms Longley Kingsbury 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

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

    Ms Easterbrook Bear Road

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

    Ms Goodey Franklin Road

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

    Mrs Hammond Hove

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

    Ms Gray Lewes Road

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Mr Field Mafeking Road

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

    Miss Blackadder Coniston Court, Holland Road

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

    Miss Hockly Fiveways

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

    Mr Flynn Woodingdean

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

    Ms Curtis The Ridgway

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

    Ms Greene Lewes Road

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

    Mr Grundy Bishops Road

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

    Mr Alderton Ladysmith 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

  • 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

  • Thanks for an excellent service. 

    Mr King Hove

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

    Ms Daly 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

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

    Ms Waters Cowley Drive

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

    Mr & Mrs Guest Riley Road

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner Road

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

    Ms S Hike Blackthorn 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

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

    Mr Beddington Brading 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

  • 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

  • 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

  • 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 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

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

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

    Mr & Mrs Penton Sycamore Close

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

    Dr Crichton The Ridgway

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