Housing market Blog
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) … Read More
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
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
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
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
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
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
339 homes in the Adur area are empty, which represents 1 in 67 homes.
207 of those have been empty for more than six months and are worth £77million.
Why are those properties standing empty and deteriorating and why could that become an issue for the whole of Shoreham-by-Sea?
A couple of weeks ago was National Empty Homes Week, so we thought we… Read More
The energy bills of every Shoreham-by-Sea resident will rise in April as the price cap increases to account for the global increase in the cost of gas. Those not on the gas mains will still be hit as the UK uses gas to make 45% of its electricity.
So, what can Shoreham-by-Sea residents do to reduce their energy consumption and ultimately… Read More
Will Shoreham-by-Sea OAP homeowners be forced to sell their home as their gas & electric bills are set to double in 2022?
What can the 9,279 Shoreham-by-Sea OAP homeowners do to mitigate this?
What are their options if they do need to sell? And what will that mean for the Shoreham-by-Sea property market as a whole?
The wholesale gas price has tripled… Read More