Property In Sussex Still Popular Despite Credit Crisis
The property market is currently in a state of flux and there will be a number of
estate agents around the country that will be watching on with interest to see how the results of the UK general election and the hung parliament will affect the housing market and in particular the prices.
A number of the parties tried to suggest that a vote for the Conservative would put the economic recovery of the country at risk. Now half a week after the result of the election with the Conservative party with the largest majority, it is starting to look like there will be some form of coalition between this and another party and what that means is uncertainty for the housing market for the short term until people can figure out how the new coalition decides to lead the country forward.
One area of the country though has managed to maintain a solid and stable market despite the global economic recession and credit crunch and that is property in Sussex. So why has property in Sussex managed to stand up against the financial strains that has been placed upon it by the credit crunch? Well one reason that property in Sussex has managed to stay competitive against the other markets around the United Kingdom is because of its close proximity to the capital of the country London.
Most people that work in London do so for the significantly inflated wages that they can earn from working in this extremely competitive market. However, most of those individuals don't wish to live in London, finding it too busy and bustling for the weekend lifestyle. They can also make their budgets stretch much further if they decide to purchase property outside of the capital.
There are a number of excellent transportation links to the capital from Sussex, whether you want to travel by road or rail, there are a number of different options that people can take, which makes it simple for people to move around throughout the week.
Another reason why property in Sussex is so popular is because of the fantastic locations of Eastbourne and Brighton. These locations are close to the coast and provide people with the perfect opportunity to rest, relax and revitalise their bodies.
The next few months are going to be very important for the housing market and also for property in Sussex. Will the new government have a positive or negative effect on the housing market and will it have any effect at all?