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Worthing To Rustington

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I've been renting since I left university in 1998, and have moved along the south coast from Southampton to Worthing, and several places in between. I've tried to track prices on Rightmove in the Worthing area, but it hasn't always been easy as properties get taken off the market, then put back on, so it is hard to compare sale prices to original asking prices.

I stopped looking at prices from mid 2009 until mid 2010, because I found the dead cat bounce sickening. However, the recent bear feast has renewed my hope and interest.

Looking at Worthing/Rustington prices, there are defintely houses on now for £175k that this time a year ago were being listed at £200k. They weren't selling a year ago, and it just shows that some vendors are starting to lower their expectations.

My hope for this area is that with an ageing population along the south coast, elderly people move into care homes or sheltered accomodation, their house is sold by the family who are happy to drop the price by, say, 10% to get it sold. It should only take a few of those properties being sold to highlight to other vendors (and good estate agents) that houses will sell when prices are right. I also believe banks will be more than happy to lend once houses are priced sensibly. The banks of course want to make a profit by lending money... so it is not in their interests to shut up shop completely.

Anyway, slight ramble at the end.... I'm convinced the downward trend around here is picking up :)

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I get the impression that the local agents have decided to hold a January Sale.

Lots of properties that they have had on their books for many months with no movement are now being reduced.

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definitely some reductions in this area but still some silly prices.

Worthing population seems to be going down a class so i don't think there are enough rich people here or moving here to pay high prices.

hasnt turned into a trendy cheap altrenative to brighton just a dumping ground for chavs ;)

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definitely some reductions in this area but still some silly prices.

Worthing population seems to be going down a class so i don't think there are enough rich people here or moving here to pay high prices.

hasnt turned into a trendy cheap altrenative to brighton just a dumping ground for chavs ;)

That will annoy my work colleague who bought into the "Worthing is the new Brighton" estate agent spiel.

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That will annoy my work colleague who bought into the "Worthing is the new Brighton" estate agent spiel.

I do hope not - Worthing is on whole quite a nice little seaside town...brighton however is an overrated cesspit of a giant open-air public toilet...

Edited by gingertips

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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