Brighton and Hove was officially given a city status in 2001 and now presents as one of the most popular cities in the UK. With the metropolitan lifestyle, some of the most recognisable attractions such as the Royal Pavilion, The Brighton Pier and the more recently installed I360, this is now one the most popular places to live.
With the city offering excellent transport routes and connections to central London, not only is this proving as a popular place to live for those looking to move out of London, it also has the more practical and family pull with excellent schools, colleges and two Universities. The city is still almost divided in two, with Brighton being the more intense, younger and vibrant part of the city, with Hove being seen as the more laid back and family orientated part of the city.
The average 2 bedroom flat in the city is just above £367,000 with the average two bedroom house being £396,568 (figures from Brighton and Hove city Council, from advertised property prices in 2018). The average price has increased 21% since 2014.
Brighton offers a great place to live, with fantastic transport routes in and around the city with direct bus routes to the universities along with easy routes to all parts of the city, direct trains to London and a busy, diverse and an extraordinary eclectic mix of shops and food outlets in the main shopping centre and surrounding north and South Laines. Traditionally seen as the busier part of the city, this is ideal for those looking to be in the centre with a combination of stunning modern new build flats, couple with the more traditional Georgian Houses and converted flats.
This is the perfect area for families, working professionals and those looking for a more relaxed lifestyle. Again, with excellent transport routes, local primary and secondary schools, fantastic parks and a mix of accommodation, this is seen as the ‘quieter’ part of the city. It provides a more local feel, with local shops, cafes and still a lot of choice when it comes to shopping. With the local seafront and ‘Hove Lawns’ providing a great space to enjoy, these areas are well renowned in the city as a hive of activity in the summer.
Throughout the whole city there is a great mix of properties to suit everyone’s needs and tastes. With a mix of modern and traditional buildings, there is being some extensive development planned for both the city centre and the outskirts. The surrounding towns benefit from the popularity of Brighton and Hove, with increased interest and developments in places like Shoreham, Lancing, Saltdean and Peacehaven.
This is a great place to invest in property, with prices being more affordable than London and prices still seeing a steady increase year on year. There is a great mix and style of properties to accommodate all tastes, with some great family locations such as Poets Corner, Hanover, Hollingbury, West Dene and Preston Park area, with the central parts of Brighton being ideal for the younger singles, couples mainly being students and working professionals.
From an investment point of view, it is a great city for buy-to-let properties. With one of the highest rental figures in the whole of the UK, it makes a great place to look for a financial investment. Again, there are some key parts of the city which are incredibly popular, whether that be for singles, couple or families. If you are looking for student properties and house shares, again, purchasing one of these properties in the right location can certainly provide a good yield.
For more information on purchasing properties in Brighton and Hove, why not speak to one of the team on 01273 311077.