Prices dropping and an increase in the number of homes on the market are two ways in which it is possible to see that the housing market is becoming far more attractive to buyers, but the appearance of luxury town houses on the market at a significant price reduction is the latest development likely to tempt buyers into the market once more.
Eight period
houses in Brighton and Hove have become available for sale as full
houses, which is rare in itself, but for such
houses to have dropped over 15 per cent in
price as well shows that the
market is finally catching up with more up-
market properties.
"Whole period houses are rare in Hove," Glenn Mishon, director of Mishon Mackay estate agents, told the Times.
"So to have eight come on the
market at once is pretty much unheard of. I've never seen so many."
One nine-bedroom house currently available would once have been snapped up at £900,000, but is instead now going for just £750,000.
Any buyers tempted to make a purchase while the
market is declining may wish to look into
safe storage, which could offer buyers a place to store possessions while they renovate their own
homes to achieve a better sale
price.
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