The market has been incredibly busy again this year - with more buyers than properties for sale - and we have seen continuing price rises across the board despite recent interest rate rises.

The next 3 months will be very interesting for those working in the property sector for two reasons; firstly interest rates are predicted to increase again by another 0.25%, and secondly, on 1st June this year Home Information Packs (HIPs) become law. Therefore it is quite feasible that many sellers will decide to instruct their estate agent to sell their property prior to this date. If this does prove to be the case it may be that there will be a larger stock of properties for sale resulting in a levelling of prices. However, with Brighton & Hove being such a popular place and an area that cannot physically grow geographically due to the sea and the downs, I do feel that any adjustment in property prices will be fairly short-lived. All of my team have been trained regarding the implementation of Home Information Packs and we are already able to supply these should they be required early. If you have any concerns or questions regarding the introduction of HIPs please call us on 01273 677001.

(Updated as of April 16th, 2007)