And anyone wanting to buy a new home is under particular pressure as the Bank of England continues to hike the base rate, forcing up the price of mortgages.
But for the lucky few who can afford to splash out on a new property, certain areas of Brighton & Hove could have what they are looking for - from spacious rooms to the latest mod cons.
So which areas of Brighton & Hove have the most expensive house prices? Every three months, the Office for National Statistics releases highly localised figures showing how average sale prices vary across the suburbs, towns and villages of England and Wales.
The latest figures, covering the calendar year 2022, show Knightsbridge, Belgravia & Hyde Park in the London borough of Westminster had the priciest properties in England and Wales, with homes selling for an astonishing £4.1 million on average. This was nearly double the price of the second most expensive area, Kensington Abingdon in the London borough of Kensington and Chelsea, where homes sold for £2.25 million on average.
The latest set of figures also pinpoint the parts of Brighton & Hove which had the priciest homes, on average, in 2022. The figures are the median price, and encompass all home types and sizes.
. House prices in Brighton & Hove: The 33 most expensive neighbourhoods to buy a home
The latest set of figures from the Office for National Statistics pinpoint the parts of Brighton & Hove which had the priciest homes, on average, in 2022. Photo: AdobeStock
. West Blatchington
In West Blatchington, homes sold for an average of £925,000 in 2022. Photo: Google
. Fiveways
In Fiveways, homes sold for an average of £641,000 in 2022. Photo: Google
. Hollingbury
In Hollingbury, homes sold for an average of £629,500 in 2022. Photo: Google
. Patcham West & Westdene
In Patcham West & Westdene, homes sold for an average of £590,000 in 2022. Photo: Google
. Aldrington
In Aldrington, homes sold for an average of £576,000 in 2022. Photo: Google
. Withdean Woods
In Withdean Woods, homes sold for an average of £550,000 in 2022. Photo: Google
. Rottingdean & Saltdean
In Rottingdean & Saltdean, homes sold for an average of £526,000 in 2022. Photo: Google
. Patcham East
In Patcham East, homes sold for an average of £510,000 in 2022. Photo: Google
. Hangleton South
In Hangleton South, homes sold for an average of £500,000 in 2022. Photo: Google
. Hanover
In Hanover, homes sold for an average of £477,500 in 2022. Photo: Google
. Aldrington South
In Aldrington South, homes sold for an average of £475,105 in 2022. Photo: Google
. Hangleton North
In Hangleton North, homes sold for an average of £475,000 in 2022. Photo: Google
. Portslade-by-Sea
In Portslade-by-Sea, homes sold for an average of £466,750 in 2022. Photo: Google
1. House prices in Brighton & Hove: The 33 most expensive neighbourhoods to buy a home
The latest set of figures from the Office for National Statistics pinpoint the parts of Brighton & Hove which had the priciest homes, on average, in 2022. Photo: AdobeStock
2. West Blatchington
In West Blatchington, homes sold for an average of £925,000 in 2022. Photo: Google
3. Fiveways
In Fiveways, homes sold for an average of £641,000 in 2022. Photo: Google
4. Hollingbury
In Hollingbury, homes sold for an average of £629,500 in 2022. Photo: Google