Average house prices in Eastbourne up by almost 10 per cent
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The real estate company said a typical home in Eastbourne currently costs £297,400. Detached and semi-detached homes have also performed best in the past year, according to Zoopla.
A company spokesperson said: “The sales market is steady in Eastbourne compared to the average over the last five years. It takes 35 days for a home to go under offer after coming on to the market. Typically, it would be 38 days.”
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Hide AdIn the last month demand from buyers across the region has fallen compared to the five-year average, according to Zoopla. The company also said that the number of homes for sale is also below the five-year average.
Back in October an Eastbourne estate agent voiced his concerns. Paul Hunt from Hunt Frame said the company lost two deals in the week following the mini-budget announcement due to the buyers’ mortgage rates increasing.