Average property prices in Brighton & Hove rose by 5.5% in the 12 months to the end of November, outpacing the 5.3% growth in the same period last year.
This compares to a rise of 5.2% across the South-East region, over the same period, and puts the average house price in B&H at £360,673 in November 2017. Particularly strong price growth was seen in the semi-detached houses sector, which grew by 6.5% in the 12 months to November on average.
Martin Storey, director of Mansell McTaggart, said “this is a good time for anyone thinking about selling, following sustained but manageable price growth over the last few years”.
Martin Willats, director, agreed, adding “yet it is also a good time for people who want the reassurance of knowing they are buying into a market where values are rising, and before they rise further”.
Martin added that “in any market it is also important for sellers to ensure they choose an experienced agent who has a local presence to check the validity of buyers and their offers”.
Price data source: Land Registry, showing latest available data at time of publication
Volume data source: Mansell McTaggart
Mansell McTaggart are estate agents in Patcham, offering properties for sale in Brighton & Hove and East Sussex.