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

  • 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

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

    Mrs Bent Falmer Gardens

  • 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

  • Very professional service. Thank you!

    Miss New & Mr Jackson Buller Road

  • Very good service and communication. Paula was excellent.

    Mr & Mrs Scarboro 1 Pevensey Road

  • I would recommend Maslen to anyone. 

    Mrs Tripp 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

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

    Mr Pilgrim Lewes Road

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

    Mr Beddington Brading Road

  • Compared to your rivals, your service was excellent

    Ms McGrigor Milner 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

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

    Mr Grundy Bishops 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

  • First class service from a first class team.

    Mr & Mrs English The Ridgway

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

    Mr Upton Buller Road

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

    Mr Flynn Woodingdean

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

    Mr McBlane Hove

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

    Dr Crichton The Ridgway

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

    Mrs Hammond Hove

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

    Miss Blackadder Coniston Court, Holland 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

  • Thank you for everything!

    Ms Tucker Willow Close

  • Paula is amazing!

    Ms Aspnall Gladstone Place

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

    Ms Gray Lewes Road

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

    Ms S Hike Blackthorn Close

  • 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

  • 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

  • Please thank Paula at Lewes Road - Excellent service. 

    Mr & Mrs Nuthall Lewes Road

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

    Mrs Lincoln Hove

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

    Mr Hope The Brow

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

    Miss Coleman Buller 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

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

    Ms Goodey Franklin 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

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

    Mr Wells Bishops Road

  • Paula was absolutely amazing!

    Mr & Mrs MacKay 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

  • Already recommended you! Thank you.

    Mr Edwards The Ridgway

  • We cannot recommend Maslen's estate agents enough.

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

    Linda & Les Wigmore Close

  • 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

  • Thanks for an excellent service. 

    Mr King Hove

  • Paul was absolutely brilliant. 

    Mrs Tasker Fiveways

  • 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 Woodingdean team were very friendly and approachable.

    Mrs Palmer Pitt Gardens

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

    Mrs Brooker Buller 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

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

    Miss Matthews Kipling Avenue

  • 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

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

    Mrs Parkin Fiveways

  • A really good experience.

    Mr Tibble Lewes Road

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

    Mr John Mogridge Woodingdean

  • Very helpful and patient team.

    Mrs Shea Selborne Place

  • Good team. Straightforward. No nonsense.

    Mr Standing Newmarket 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

  • Very thorough & very informative.

    Mr Michnowicz Waldegrave Road

  • As always, an excellent service. 

    Mr & Mrs Field Lewes Road

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

    Ms Ansloos Lewes Road

  • Best Agents in Brighton.

    Mrs Field Tarner 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 excellent service throughout. Professional, friendly, efficient and no hard sell. Achieved above asking price. Thank you!

    Mr Witten 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

  • 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

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

    Mr & Mrs Sawyer Shaftesbury Road

  • Excellent Service from start to finish.

    Mr T Mole Cromwell Road

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

    Mr & Mrs Smith Lewes 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

  • 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 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

  • First class service. Friendly and professional.

    Mr Thorne The Avenue

  • Hugely impressed with Ben & his team.

    Mrs Mead Upper Lewes Road

  • 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

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

    Mr Johnson Fiveways

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

    Ms Curtis The Ridgway

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

    Mr Patrick Gladstone Terrace

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

    Mr Gibbs Lewes Road

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

    Ms Easterbrook Bear Road

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

    Mr Field Mafeking Road

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

    Mr & Mrs Gill Lewes Road

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

    Ms Cianchetta Selhurst Road

  • Excellent service as always

    Mr Field Ringmer Road

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

    Ms D Edmonds Horton Road

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

    Mr & Mrs Guest Riley Road

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

    Ms Rees Ticehurst Road

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

    Ms Longley Kingsbury Street

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

    Mr Woolven & Mrs Bessant-Woolven Lewes Road

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

    Mr & Mrs Penton Sycamore Close

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

    Mr Alderton Ladysmith 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

  • Thanks David, all very professional.

    Mrs Flowers Foxdown Road

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

    Ms Waters Cowley Drive

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

    Miss O'Haire Hove

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