Personal, professional, and local property finders for Brighton, East Sussex and West Kent

16 St.Heliers Avenue, Hove , Brighton, East Sussex BN3 5RE | Tel: 07710 048098 | sallyfraser@stacks.co.uk

September 2009

The Sussex property market is very diverse offering up superb sea front properties, to the grand county estate. House prices have come down about 30% since the peak of 2007 in this area and the market is still difficult to call, but there is a noticeable change in the attitude of both sellers and buyers. Indeed the property market is still quiet in comparison to 20 months ago but there are noticeable signs of increased activity reported by most agents, reflecting the fact that a realistic selling price and a realistic offer is producing sales.

There will always be people sitting on the fence with a reason to do nothing, either they are waiting for the market to recovery or for property prices to fall further. Not since 1995 have the conditions been better for investment into the property market if funds are available.

Of course, at Stacks we always encourage due diligence when purchasing a property and know that our clients really value the time we spend analysing and evaluating each property pending a wise and informed purchase. The art of a true investor is to recognise a good time to buy and when it is a good time to sell. The deals that can be found in this current market are unlikely to be repeated. There seems that there is only a short window of opportunity before we return to a slightly more relaxed lending environment where the pent up demand to buy and sell property will push prices back up.