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Regional Property Market Update Summer 2021: South East Home Counties - Kent and East Sussex

Posted on: Thursday, June 24, 2021

2021 is set to be one of the busiest sales years in over a decade

Agents report the sales to stock ratio across the South East is at its highest level since spring 2016 (RICS). At 3.8%, the annual rate of housing stock turnover across the South East Home Counties, Kent and East Sussex is above the UK average. Levels currently exceed 4% in the most active markets.

 

South east annual rate of price change regional property market report map

 

Price growth strengthens

Although new instructions to the market have improved slightly in recent weeks, demand continues to outpace supply, placing sustained pressure on prices. Month-on-month average property prices are rising in all regions of the UK.

Year-on-year price growth across the South East is substantially stronger than the 1.9% recorded this time a year ago (UKHPI). Double-digit annual price growth is evident in seven local areas in the South East Home Counties, Kent and East Sussex.

 

South East annual rate of price change regional property market report statistics

 

A seller’s market

Market activity is fast-paced. According to Rightmove, the average time taken to sell a property in the South East is 47 days. The proportion of properties selling within their first week of listing is at a record high (Zoopla) and the average time taken to sell a property in the UK is nearly three weeks quicker than in April 2019 (Rightmove). Lifestyle change continues to drive demand, buyers also aided by the extension of elements of tax relief and the new 95% government-backed mortgage guarantee scheme, available on either new or resale properties.

 

VIEW THE FULL SOUTH EAST REGIONAL PROPERTY MARKET REPORT

 

Properties for sale in the Kent and East Sussex regions of the UK

Tunbridge Wells, Kent, 4 bedrooms

This early Victorian four-bedroom townhouse is set within the 'old village' area of Royal Tunbridge Wells. Built circa 1839 with accommodation arranged over three levels, the home is host to a range of period features including panelled doors, sash windows and attractive open fireplaces. The versatile layout includes an entrance hall leading to a sitting room with bay window, open fireplace with cast iron grate and wood surround.

Canterbury, Kent, 5 bedrooms

This striking contemporary residence occupies a substantial plot of just under 0.5-acres and is situated within an exclusive village location. A stickler for perfection and attention to detail, the current owner designed and built the property using the finest materials and is finished to an exacting standard with a stylish approach to interior design. The sleek kitchen is packed with 'AEG' appliances and features 'Corian' work surfaces whilst the galleried landing is flooded with natural light and presents five double bedrooms. The garden widens into an L-shape with a vegetable garden at the bottom and wonderful views across the fields.

Hove, East Sussex, 4 bedrooms

This stunning period home is located in a sought-after location in Hove and features four bedrooms, two bathrooms and a beautiful garden. There is a great selection of local amenities nearby, a range of good schools, and excellent commuter links.

Contact us

Take advantage of the seller's market this summer with the best agent in your area. Contact your local Guild Member today.

 

 

Read What Our
Customers Say

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We really wanted a purchase to go ahead through Wilkes-Green and Hill as you have been the most helpful agent we have ever come across (including Newcastle, Glasgow and Carlisle cities!) and we are sorry that the time you have expended on us has been in vain...

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Thanks to you all for making the sale of Mum's house so easy at a difficult time for myself and family...

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I've bought and sold many places - leading to a low opinion of estate agents! Until you came along! Many thanks for your professionalism, hard work and continued efforts. They are very much appreciated.

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Thanks for all your hard work and brilliant service!

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It's not very often that you come across someone so helpful and enthusiastic that it makes you smile!!Moving house was supposed to be stressful; thanks for making it so easy!! Your professionalism and hard work is much appreciated.

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You have handled the situation admirably, as have your staff...

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I would like to say again how grateful I am for all of your support since you took the property on to your books and all of the advice you have given me which was often above and beyond the call of duty. Your professionalism throughout has been excellent...

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A very big thank you to all of you for really fantastic service...definitely 5-star!

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...for your attention to detail and always returning my calls...

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...we would like to thank you, Gayle, Amanda and Tracy for all your help and kindness over the last 5 years, which has helped us tremendously. We also appreciate that you have gone the extra mile in several circumstances knowing that we were so far away...

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Having recently used 3 other agents I can say with hesitation that WGH are in a different league, very professional, efficient, polite and friendly. 3 other agents have marketed my house which only achieved 2 viewings in total. I had 2 viewings with WGH in the first week which I put down to their marketing skills

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WG-H couldn't have been more helpful, queries were answered immediately by professional courteous staff , and they even offered to turn the heating up in our holiday house when the weather was particularly cold. Gayle would ring us during an evening to respond to our query , if required and Amanda even paid a cheque into our bank account. What a lovely company to work with.

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Adrian and his team have been amazing from start to finish. Very polished team, with the highest standards. I have recommended them to friends and family who have also been impressed by them.

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