Regional Property Market Update Spring 2021: South East Home Counties – Kent and East Sussex

Posted on: Thursday, February 25, 2021

At 6.2%, average annual price growth in the South East is lower than the UK average. However, growth is currently at its strongest level since January 2017 and considerably higher than the -0.3% recorded this time a year ago. Although Rightmove report average asking prices fell 1.4% month on month in January, properties are selling more quickly than a year ago.

Annual price growth has strengthened across the UK in recent months

south east home counties kent east sussex regional property market report house price growth

Most active housing markets across the South East Home Counties

At £342,271 the average price of a property in the South East of England is £20,000 more expensive than a year ago and activity across the market is robust. On average 3.6% of private properties are sold each year, with turnover across five areas 4% or more. Over 18,300 new homes were registered for sale during 2020, and nationally registrations have been on an upward trend since September.

First-time buyers were particularly affected by the closed housing market and the stricter mortgage lending that followed. However, buyer numbers have recovered steadily, with transactions just 2% lower year on year during the final six months of 2020 (UK Finance). The number of High Loan-to-Value (LTV) mortgage products has also increased, Moneyfacts reporting there were 169 products available at 90% LTV in January, over double the number available back in July. Lending rates remain low, the average mortgage rate the lowest in history.

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Properties for sale in the South East Home Counties

Goudhurst, Kent, 4 bedrooms

This attractive Grade II Listed timber-framed Wealden farmhouse is located on the outskirts of the village and is believed to date from the mid 1400's, enjoying character features including Inglenook fireplaces, oak floors and extensive exposed timbers. The well-proportioned rooms include three reception rooms, a farmhouse kitchen and four bedrooms, complemented by attractive park-like gardens of around 1.5 acres.

Brighton, East Sussex, 4 bedrooms

This Grade II Listed terraced house is situated in a sought-after Kemptown location in Brighton, boasting an excellent range of nearby amenities and beautiful sea views. The property is laid out over five floors, comprising four bedrooms, a large lounge, an open-plan kitchen-diner, a utility room, two bathrooms and a balcony on the first floor.

Edenbridge, Kent, 5 bedrooms

This attractive five-bedroom family home is situated in a semi-rural location, Edenbridge, which boasts two railway stations travelling to London in 40-45 minutes, as well as National Trust attractions, a selection of delightful pubs and other local facilities nearby. The house has spacious and flexible living accommodation on the ground floor, five well-proportioned bedrooms including one with an en suite, integral garaging and driveway parking.

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I would highly recommend Hardings. Their knowledge of the local area is outstanding, and they give honest and reliable advice. They have always been my partner of choice when buying and selling.

Rhiannon Prothero

Have used Hardings for many year on both personal and commercial property deals. Have always found them to be transparent, honest, authentic, and a pleasure to work with. Will continue to use in the future.

TB

I would highly recommend Hardings Estate Agents. They have excellent knowledge of Windsor and the surrounding areas, and are extremely professional, responsive and courteous. I would not hesitate to using them again the future. I recently dealt with Milica who was instrumental in securing us our new home in Windsor as well as the sale of our existing property. She was a fab negotiator and a real pleasure to work with from beginning to end. Thank you!

Jonathon Beresford

Hardings of Windsor managed our purchase with complete professionalism and went over and above in my opinion to manage the transaction and chain, resulting in a really smooth purchase. Milica at Hardings constantly provided timely updates and managed respective solicitors and the chain effectively, always responding quickly to queries. The whole transaction would not have happened without Milicas' focus on making all parties comfortable and satisfying all queries, not only professional but a delightful and welcoming personal approach that was a constant throughout. Thanks Hardings! Thanks Milica!

Stuart Blatch

I would recommend using Hardings estate agents when buying or selling your property. Dominic (Scully) was always available, helpful and genuinely interested in my purchase and always calm and compassionate. If I ever move again my first choice will be Hardings.

Cath Powell

Dom and the team at Hardings were so helpful and efficient when I purchased my flat - friendly and professional service and kept us up-to-date the whole way through the process. It was my first time buying and so was very nervous but they helped me feel at ease.

Freppell

We bought and sold through Hardings and can't recommend their professional service enough. The whole Team are really lovely, we were kept informed throughout the process and never had to chase anything.

Natalie Quint

I used Hardings when I bought my property as well as when I sold it and the service has been fantastic both times. I very much recommend Hardings!

Therese Jouini

We recently purchased our new home with Hardings Estate Agents. The whole team there were very helpful and flexible with us, arranging viewings quickly on the same day. They were always quick to respond and if ever our point of contact was not there, the service did not change as they work well together as a team. We received a personalised service, which allowed the sale to proceed quickly. Thank you all and we recommend Hardings Estate Agents without hesitation.

Mike B

What a pleasure it was to deal with Milica from Hardings. She sourced the perfect property for me and my family (while we were still abroad) and worked endlessly to put the deal together. I would give more than 5 stars if at all possible!

C D

Fantastic customer service and made what could have been stressful a total breeze. Dominic and Louisa were brilliant in helping me and my parents buy and sell our houses - reliable, helpful and thoughtful. Thank you!

Eloise Harris

Thank you, Dominic and Louisa - having not moved for over 30 years you helped me all the way, step by step. You were always polite, communicative, reassuring and very supportive. Would recommend Hardings wholeheartedly.

Anna Bowen

How Much is Your Property Worth?

A senior member of our sales team will visit your property to discuss current market trends and how your home; based on size, condition and location should be pitched to achieve the best possible price and buyer. Coupled with an excellent understanding of the local market we do a detailed analysis of what else has sold and what is coming onto the market so we can give you the best chance to capitalise on your biggest asset.

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Regional Property Market Update Spring 2021: South East Home Counties – Kent and East Sussex

Annual price growth has strengthened across the UK in recent months

Most active housing markets across the South East Home Counties