The new year is predicted to herald the start of a prosperous period for the property market in Littlehampton and Rustington , with both the sales and lettings sectors expected to reach new highs in 2015.
Property specialist Leaders believes many of the positive trends experienced in the property industry in 2014 will continue over the coming year, with landlords, tenants, buyers and sellers all set to benefit.
In particular the recent changes to the stamp duty system will have a positive impact on both the sales and letting markets, improving affordability for buyers and buy-to-let investors.
Leaders is anticipating a busy January and year ahead which is set to be characterised by a booming sales scene and the continuation of a vibrant lettings market.
Demetrius Stacey, branch manager at Leaders in Rustington, said: “Demand for all types of property was extremely high in 2014, particularly in the second half of the year, and this will continue in 2015.
“I expect the sales market to be strong this year, however, it may not be fully realised until the general election has taken place and it becomes clear whether any new legislation will be introduced which will have an impact on the industry.
“Nonetheless, I would still expect good results and a strong market prior to the election, before it booms in the months following the result.
“One of our biggest successes of 2014 was selling a large number of one-bedroom apartments, and we expect these to remain hugely popular in 2015.”
While some people take a ‘wait and see’ approach until after the election, renting will be more popular than ever. However, Leaders anticipates that the lettings market will remain strong regardless of the outcome of the election as renting allows people to pick a home that suits their current needs without having to make a long-term commitment. It is ideal for those who need the flexibility to relocate for work opportunities or to move into particular school catchment areas.
“I expect the lettings market to be even more buoyant in 2015 as investors increasingly switch on to the opportunity that high tenant demand presents,” continued Mr Stacey.
“With more investment, there will be a better choice of properties, in particular two-bedroom flats close to the town centre, which are incredibly popular investment options.
“The new Kingley Gate development of 600 new homes on the outskirts of Littlehampton will provide a major boost to the area’s property market and there has already been considerable interest from landlords who are thinking of purchasing a buy-to-let property there.
“Other new schemes such as Swanbourne Park in Angmering, as well as existing family favourites including Beaumont Park and Church Farm Gardens in Rustington, will help to drive the market forwards in 2015.”
More favourable economic conditions have led to a revival of the property market generally in recent months and many people are ready and able to move in 2015. Buyers, sellers, landlords and tenants all have plenty of reasons to be positive about the year ahead.
Anybody who is thinking of investing in a buy-to-let property, selling up or finding a new place to live should contact Leaders where a team of experienced and knowledgeable local experts are on hand to offer the very best advice.