Rightmove Price Index - What It Means For Sussex Sellers This February
2026 is off to its strongest start since 2020, with improved affordability boosting buyer confidence.
The latest figures from the Rightmove House Price Index show that the national average asking price in February is £368,019, virtually unchanged from January. In fact, prices dipped by just £12 over the month. On the face of it, that sounds like a flat market. But when you look at the bigger picture, 2026 has actually made its strongest start for prices since 2020, with values up 2.8 per cent since December.
So what is really going on, and what does it mean for movers here in Brighton, Lewes and Shoreham?
A natural pause after January’s jump
January saw a record seasonal uplift as confidence returned following the prolonged Autumn Budget uncertainty. Many sellers who had been sitting tight over Christmas came to market early in the New Year. February has been more measured. Rather than pushing prices higher, sellers have largely held onto January’s gains. With more homes available and buyers taking their time, the market is price sensitive and competitive.
This is not a slowdown. It is a reset to realistic pricing.
Why 2026 is shaping up well for buyers
There are several reasons why this could be a very good year to buy:
- Prices are level with a year ago which helps first-time buyers saving for a deposit.
- Average earnings are up 4.7 per cent year on year, comfortably outpacing recent price growth.
- The number of homes for sale is at an 11 year high for this time of year, giving buyers more choice.
Mortgage rates have eased, with the average two-year fixed rate now 4.28 per cent, down from 4.96 per cent a year ago.
For a typical buyer, that reduction in rates can mean around £100 less per month on mortgage repayments compared to this time last year.
Here in Sussex, we are certainly seeing more choice coming onto the market compared with early 2024. Buyers in Brighton are weighing up flats near the station against coastal homes in Shoreham, while Lewes continues to attract those wanting character property and countryside access with strong commuter links.
What about different parts of the market?
Nationally:
- First-time buyer homes saw a small monthly rise of 0.2 per cent
- Second-steppers were up 0.7 per cent
- Top of the ladder properties dipped slightly by 0.2 per cent
This reflects what we are seeing locally. Sensibly priced two-bedroom flats and family houses are generating steady interest, while higher value homes need sharper pricing to stand out.
With more competition between sellers, correct pricing from day one is absolutely key.
Mortgage market support continues
There has also been helpful movement behind the scenes. The Financial Conduct Authority has been reviewing lending rules, and lenders have been given more flexibility around income multiples and stress testing.
Some buyers can now borrow up to six times income in certain circumstances, and there are more low deposit products available for eligible applicants.
Combined with rates that remain close to their lowest levels since the mini Budget period of September 2022, affordability is gradually improving.
What does this mean for Sussex sellers?
If you are thinking of selling this spring, the message is clear:
- There is strong underlying demand
- Buyers have more choice and will compare carefully
- Realistic pricing is critical
We are heading into the busiest time of year. Traditionally, prices tend to edge up as we move through March and April, but only for homes that are positioned correctly.
A well presented home in the right location, priced sensibly, will still attract competitive interest. An over-optimistic asking price will simply lead to longer marketing times.
And for buyers?
February could offer a useful window before the full spring rush. With prices holding steady and mortgage rates improved year on year, buyers who are prepared and decisive may find good opportunities before competition intensifies.
If you would like to understand how these national trends translate into Brighton, Lewes or Shoreham specifically, we would be delighted to give you a tailored update.
As always, property is hyper local. The national headlines are useful, but it is what is happening on your street that really matters.
Thinking of making a move in 2026? Let’s have a conversation!
