Ordinary workers in Brighton and Hove are unlikely to lose any sleep over news of a slowdown in the luxury housing market.

Reports suggest people selling their homes for between £1 million and £2 million are now more likely to accept a lower offer for their private palaces.

Nevertheless, expensive homes are still selling - admittedly mostly to Londoners - which explains why developers are continuing to build new luxury developments in and around the city.

Modern homes are designed to appeal to young urban professionals. The prices they sell for means most potential buyers will inevitably be on London wages.

The Brighton housing market clearly has plenty to offer those who feel it's time to swap London living for life by the sea.

While the newcomers should be welcomed for bringing more vitality into the city centre, the needs of local people should never be forgotten.

Low-cost housing may not be as glamorous a concept for developers as a range of luxury homes but it deserves to be more than an afterthought.