The Bexhill Property Market continues to disregard the end of the world prophecies of a post Brexit fallout with a return to business as usual after the summer break.
The challenge every Bexhill property buyer has faced over the last few years is a lack of choice – there simply hasn’t been much to choose from when buying a property (be it for investment or owner occupation). Levels are still well down on what would be considered healthy levels from earlier in this decade, as there is still a substantial demand/supply imbalance. Until we start to see consistent and steady increases in properties coming on to the market in Bexhill, the market is likely to see upward pressure on property values continue.
For example, in the last few months, TN39 has seen an average of 112 new properties coming on to the market, not bad when you consider for some months last year it was as low as the late 70’s. With the average Bexhill property value hitting a record high, reaching almost £273,600 according to my research, this shortage of properties on the market over the last two years has contributed to this ‘fuller’ average property figure, but there is a glimmer of hope that the Bexhill’s supply crisis may be starting to ease.
As I write this article, 3.79% of Bexhill properties are up for sale. In terms of actual chimney pots, that equates to 682 properties on the market in Bexhill (within 3 miles of the centre of Bexhill) – which, when compared to only a year ago when that figure stood at 585, is a serious increase in the number of properties available to buy. Split down into the type of property; it makes even more fascinating reading …