Confidence Creeping Back? What the Latest Sales Market Data Is Telling Us

-Over the last 12 months the average sales price in Brighton and Hove was £428,762. The total value of sales was £1,381,744,598.

-45% of sales in the past 12 months were flats, achieving an average sales price of £312,087. Houses achieved an average price of £558,048.

-The highest value recorded by the Land Registry over the past 12 months was £1,800,000 for a flat and £2,900,000 for a house

Economy

-The Bank of England have held interest rates at 4.5% in its second meeting of the year, amid persistent inflation.

-Monthly GDP is estimated to have grown by 0.5% in February 2025, with growths in all main sectors, following no growth in January (ONS).

-CPI inflation rose by 2.6% in the 12 months to March 2025, down from 2.8% in February (ONS).

House prices

-The average house price rose to £268,319 in February, a 5.4% year-on-year increase (ONS).

-The average price of property coming to market rose by 1.4% this month to a new record of £377,182, a larger-than-usual April price increase (Rightmove).

-UK house prices are projected to rise by 2.5% in 2025 (Zoopla).