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New Year, New Home - How to Get Moving in 2024

Date Published 05 January 2024

Predictions about the next twelve months come quick and fast this time of year. Every January crystal balls are polished and pronouncements are made about what the about the property market will look like over the coming twelve months.

Banks, building societies, surveyors, economists and media pundits will all have their say. However, if you're thinking of moving home in 2024 the only opinions you should really be listening to will come from your local estate agent.

What's in store for '24?
At the start of last year many commentators were predicting a rough ride for both sellers and buyers in 2023. Interest rates set by the Bank of England went up steadily and this was reflected in higher mortgage costs. Activity did fluctuate but this was always going to be the case after such a record-breaking busy couple of years.

However, house prices didn't collapse as many expected. In fact at the end of the year they had held up.

Likewise, by the end of the year popular two and five year fixed rate mortgage deals were cheaper than they had been twelve months earlier, having fallen for 19 consecutive weeks in spite of interest rates remaining at a 15 year high.

The big picture
So what can we make of all this? Well, most predictions for 2024 will again come in the form of looking at the big picture - interest rate movements, mortgage costs, the number of new homes being built and so on. All of these things will certainly have an impact on how the property market overall will shape up over the coming year.

For those who want to move home, obviously these things can all play a part for both buyers and sellers. However, it's the smaller details that matter for the vast majority of people much more than what's happening at the national level.

As an experienced local estate agent we know that this is true time and time again, year in and year out.

Des Res
Worthing and the surrounding areas are very popular places to live. There are so many 'desirable residences' that there really is something for everyone.

From a modernist art deco apartment right on the seafront to a spacious detached house on the edge of the South Downs National Park, the sheer range of properties means that our local market will always be a healthy one.

A vibrant town with a clear identity, Worthing is more affordable than neighbouring Brighton and Hove just along the coast when it comes to property. It also offers everything from easier and cheaper parking costs through to cleaner streets and a greater sense of community too.

If you're thinking of moving this year, tell us your plans and we can help put them into action.

Call us on 01903 608080, email us, or pop into our office just around the corner from Worthing pier at Worthing House, 6 South Street and have a chat in person