Sussex house prices and lifetime mortgages
Bricks and mortar have long been considered the safest bet for investment. If you have owned a Sussex property for a number of years, the chances are it will have increased hugely in value over time. With a combination of stunning countryside, coastal towns, small market towns and villages, and reliable train links to London, it has always been a very popular place to live for singles, couples, and families.
According to Rightmove, house prices in the county were up 9 per cent in 2020 on the year before and 10 per cent in 2018. The most common sales were detached homes that made an average of over £578,000, whilst semi-detached properties fetched an average of £369,000. According to the same property experts, prices are now at a 10-year high as prospective buyers flock to the area. The most popular places include Chichester, Eastbourne, Hove, Hastings, Worthing, Horsham, Brighton, and Crawley.
Are you based in Sussex and wondering about whether equity release or a lifetime mortgage might allow you to enjoy your retirement more? If so, please call our team and one of our advisors will be able to look at the various options available to find the right solutions for you. We can come to meet with you personally and discuss your situation and the available options. There is no obligation to proceed.