Housing market Blog

What’s the Difference Between a Flat and an Apartment in Shoreham-by-Sea?

18th August 2022

"An apartment is over £200k and a flat under £200k", said my friend. Joking aside, there is no difference, call it what you will, the humble apartment/flat has served Shoreham-by-Sea well over the years. The average sale price of an apartment in Shoreham-by-Sea in 2021 was £295,386, making it an excellent first-time buyer purchase and buy-to-let investment. In this article, we wi… Read More

The Shifting Shoreham-by-Sea Property Market

21st June 2022

The rate of house price growth has started to ease with a reduction in the number of properties that will sell in Shoreham-by-Sea in the coming 12 to 18 months. Yet, rising interest rates and the cost-of-living issues won't knock everybody out of the property market and there shouldn't be a housing bubble for two vital reasons. The Shoreham-by-Sea property market is… Read More

Government Announce New Electric Vehicle (EV) Infrastructure Grant for Residential Car Parks

12th May 2022

The government have recently announced their final release of grants for the residential sector surrounding the installation of electric vehicle (EV) charging infrastructure and points. The government say they want to help businesses and organisations who rent, lease or manage residential properties install EV chargepoints in their car parks. The Driver and Vehicle Licensing Agency (DVLA)&nbsp… Read More

Shoreham-by-Sea Homeownership Rockets by 1,235 Homes in the Last 5 Years

26th April 2022

The Shoreham-by-Sea housing market over the last five years has behaved oddly. Shoreham-by-Sea house prices are 23.4% higher than in 2017, even though during those five years, the British economy had the uncertainty of Brexit and the massive fall in GDP during the pandemic. Yet, a less observed trend is that the net number of homeowners in Shoreham-by-Sea has risen by 1,235 households,… Read More

There are 4,724 Terraced Houses in Shoreham. Why are they so popular?

21st April 2022

The terraced house is one of the most familiar styles of home in Shoreham (and the UK as a whole). 21.8% of Shoreham people live in a terraced home, interesting when compared with the national average of 22.7%. So, what is it about the humble terraced/townhouse us Brits love so much? In this article, we look at the history of the… Read More

49% Reduction in Shoreham Council Houses in the Last 40 years

19th April 2022

In 1981, 19.2% of properties in Shoreham (and the Adur District as a whole) were council houses. Today, that figure stands at 9.8%, a proportional drop of 49%. Why has the number of council houses dropped so much in those 40 years? How has that changed the dynamics of the Shoreham property market in those 40 years? The ability of local authorities to build council houses… Read More

Why Does it Take 123 Days to Get the Keys When You Buy a Shoreham-by-Sea House?

13th April 2022

267 properties have sold in the Shoreham-by-Sea area in the last 12 months. It only takes 49 days to sell a Shoreham-by-Sea home, so why does it take 123 days from the sold board going up to the buyer getting the keys? With a shortage of solicitors and a sub-standard conveyancing system, this article discusses what Shoreham-by-Sea house sellers (and buyers) can do to… Read More

1 in 4 Shoreham-by-Sea Homeowners Unable to Sell

13th April 2022

The average time to find a buyer for a Shoreham-by-Sea property reduced from 66 days in 2020 to 49 days in 2021. Yet still, just under 1 in 4 Shoreham-by-Sea homeowners are on the market after 12 weeks. Why are so many Shoreham-by-Sea homes still on the market after all that time, and what does it mean for the Shoreham-by-Sea property market? You would have needed to… Read More

How Will Rising Inflation Affect the Shoreham-by-Sea Property Market in 2022?

13th April 2022

The UK is currently experiencing its highest inflation rate since the early 1990s. This increase in prices has primally come about by the combination of an increase in demand for goods and services from consumers following lockdown last year together with global supply chain disruptions. Most economists weren't too concerned about this increase in the inflation rate as the very… Read More

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