Estate agents in Sussex say talk of crash is rubbish

Permalink: Estate agents in Sussex say talk of crash is rubbish
by Kay Murchie

Sussex estate agents are confident that there will be no crash in property prices and have branded talks of a crash in Sussex as rubbish.

Chris Weatherstone of Brighton-based Weatherstone Properties said 2008 is going to be a slightly tougher market but the talk of a crash in Sussex is rubbish. He added we have a buzzing city which people want to move to all the time and the businesses are doing well.

The current position in the city of Brighton and Hove was one particular reason for the area being likely to resist any major fall. According to a recent survey by propertyfinder.com, Brighton is growing in popularity and has been the most sought after property region.

propertyfinder.com said for the month of January, Brighton has been the subject of the most searches. Neil Tavender of propertyfinder.com said although the housing market is experiencing a slowdown, certain areas such as Brighton are thriving.

Furthermore, Barrie Alderton estate agents said the city was would not experience prices fall because there is a shortage of property.

David Maslen of Maslen estate agency said the we’re confident there will not be a crash and our business is continuing to go from strength to strength.

Richard Hancock of Hancock and Partners in Chichester said the sub-prime mortgage crisis in the US is sure to have an impact and dent people’s confidence but I don’t think there is going to be a crash.