A selection of properties ideal for downsizing
Church Road, Westbourne 3 bedroom
Guide Price £550,000
Stocks Lane, East Wittering 3 bedroom
Guide Price £475,000
Binsted Avenue, Felpham 3 bedroom
Guide Price £495,000
Sea Front, Hayling Island 4 bedroom
Guide Price £465,000
Guide Price £1,250,000
Between April and August 2024, Henry Adams has:
Conducted over viewings
Valued over homes
Kings Drive, Midhurst 3 bedroom
Kings Parade, Bognor Regis 3 bedroom Guide Price £450,000
Property market is poised for an active autumn
The summer property market has remained fairly active and it looks like we’re heading for a busy autumn. Buyer confidence since the election has resulted in steady sales across most price ranges
Although we saw a slight dip in viewings as the holiday season began, those who were actively looking were serious buyers. Viewing levels are already picking up in September.
This cautious optimism is reflected in the latest Halifax House Price Index for August which showed a further increase in house prices of 0.3%, after 0.9% in July. This gives a year-on-year rise in house prices of 4.3%, the strongest rate since November 2022.
Mortgage rates are also looking more positive. The core consumer price inflation rate (CPIR) was 4.1% in July, the lowest since January 2022 and down from 6.5% in May 2023.
The autumn Budget may bring changes to the property market, particularly among buy-to-let landlords concerned about potential capital gains tax implications. However, we have seen a noticeable increase in enquiries from downsizers and activity has been particularly strong in Chichester, Midhurst and Bognor Regis. Underlying demand remains positive and we expect a more active autumn for both buyers and sellers.
Gareth Overton Head
of Residential Sales, Henry Adams gareth.overton@henryadams.co.uk
If you are thinking of moving, contact your local Henry Adams office for a free, no obligation market appraisal. Email askhenry@henryadams.co.uk Or visit henryadams.co.uk/request-a-property-valuation
Statistics from the UK property market:
£367,785
National average asking price: The average in the South East days to sell
63
Source: https://www.rightmove.co.uk/news/house-price-index/
A selection of properties ideal for downsizing
The Glebe, Storrington 3 bedroom Offers Over £575,000
Trout Road, Haslemere 3 bedroom Guide Price £525,000
Meadows Road, East Wittering 2 bedroom Guide Price £595,000
Billingshurst 01403 782991
Bognor & Aldwick 01243 842123
Chichester 01243 533377
East Wittering 01243 672721
Emsworth 01243 377773
Haslemere 01428 644002
Hayling Island 02392 006537
Haywards Heath 01444 458380
Horsham 01403 253271
Middleton-on-Sea 01243 587687
Midhurst 01730 817370
Petersfield 01730 262801
Pulborough 01798 300670
Selsey 01243 606789
Storrington 01903 742535
6 Villages 01243 521829
The London Office 020 7839 0888
West Close, Middleton-on-Sea 3 bedroom Guide Price £760,000
North Street, Midhurst 2 bedroom In Excess of £500,000
East Street, Selsey 3 bedroom Guide Price £425,000