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Hopeful FTB

Brighton

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What do people think is happening here at the moment?

I am seeing some seriously crazy prices for tiny flats and they seem to have been going up recently and yet I remain very unconvinced about affordability as there has been a sharp decline in the area recently.

Is it still the london commuter thing that is causing the problem? :blink:

What do people think is happening here at the moment?

I am seeing some seriously crazy prices for tiny flats and they seem to have been going up recently and yet I remain very unconvinced about affordability as there has been a sharp decline in the area recently.

Is it still the london commuter thing that is causing the problem? :blink:

Sharp decline in jobs that is...sorry!

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I have a friend who is thinking of selling his flat in Brighton - a nice one bed, top floor with roof access and you can see the sea from it.

Are things still selling there? Any info I can pass on to him much appreciated.

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Well, I do see the odd SOLD STC sign around, although I'm guessing most of the properties I see sold are flats or blocks of flats fueling the BTL merry-go-round. For some reason my mind likened it to a game of pass-the-parcel, but in reverse - where the last one holding the parcel loses.

Estate agents are almost always empty of customers whenever I go past, no matter what time of day, or if it's a weekday or a weekend. Each time the offices seem to have more and more sheets of paper stuck to the windows - not for properties, just massive adverts, presumably to hide the shame of the staff sitting there idle.

Tiddly pom!

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Well, I do see the odd SOLD STC sign around, although I'm guessing most of the properties I see sold are flats or blocks of flats fueling the BTL merry-go-round. For some reason my mind likened it to a game of pass-the-parcel, but in reverse - where the last one holding the parcel loses.

Estate agents are almost always empty of customers whenever I go past, no matter what time of day, or if it's a weekday or a weekend. Each time the offices seem to have more and more sheets of paper stuck to the windows - not for properties, just massive adverts, presumably to hide the shame of the staff sitting there idle.

Tiddly pom!

Thanks Christh. Perhaps it's time they got busier.

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I think there's a real stalemate going on here between buyers and sellers. It's not that properties aren't on the market, it's the fact that few people on local salaries or even commuters on London salaries can afford and / or are willing to buy or trade up.

Please let us know what happens.

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  • 301 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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