Category: market (2)

AS ONE OF THE MOST POPULAR SEASIDE DESTINATIONS IN THE UK, LIFE IN BRIGHTON AND HOVE IS NEVER DULL. WITH A FULL SOCIAL CALENDAR TO MARK ALL OCCASIONS IN STYLE AND SUMMER SUNSHINE COMPLEMENTED BY ITS FAMOUS BEACH, THE CITY HAS ALWAYS RANKED HIGHLY IN UK-WIDE HAPPINESS AND QUALITY OF LIFE SURVEYS.

The area is a great place to live for all ages, and a large number of international buyers have set their sights on the Brighton and Hove property market to access its world-renowned university and colleges, but what should they be looking out for to find the perfect property?

PROPERTY TYPE

Property type is an important factor when considering maintenance, management, and its longevity as an investment. A modern building will be easier to update and maintain than a period property, but may lack the character that is synonymous with Brighton and Hove’s period buildings. The Brighton property market is characterised by its diversity, from white, gentrified property along the seafront, to a colourful mix of styles which are popular amongst younger buyers. There are many options to choose from in the Brighton market so seek professional advice before moving forward.

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UNDERSTAND THE CURRENT MARKET

According to a Centre for Cities report published this year, Brighton is a city of renters, ranking third out of 63 UK cities and towns. Brighton has all the attributes of a property hotspot, but its housing stock is quickly sold due to high yields in the rental market. In order to find real success, you must have an insight into market activity. The property market is buzzing with an influx of prospective landlords ahead of upcoming buy to let and second home stamp duty charges in April. Once this 3% surcharge hits, the number of landlords looking to buy property may reduce and the process of buying a property may become easier. An increase in interest rates will also reduce the number of UK mortgages on offer which will price some out of the market. If you have the money to pay upfront, you will have the upper hand once both financial measures are introduced.

INVESTMENT LOCATIONS

Students and their families looking for a great investment area in Brighton have many to choose from, and with many more property developments on the horizon, the market will undergo yet more growth over the next four years. Beach-front properties in and around its garden squares – including Sussex Square, Brunswick Square and Palmeira Square – are recurrently popular high-end property neighbourhoods, while different property pockets away from the seafront provide a mix of large Victorian and Edwardian homes, for example Preston Park and Seven Dials. Take note of where each university and college building is located to map the best neighbourhoods as not all facilities are located within the inner city.

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HOW TO SPOT A GOOD STUDENT AREA

Finding a student hotspot is easy when you know how. The best areas are located near transportation links, unique places to shop and attractive places to eat and drink. What is next door is important as is the street itself: what are the views like? Is the street clean? Is the area quiet and conveniently placed near amenities in the city? Expect to pay more for a property that ticks the boxes, however, this can be offset by its annual increase in value.
Long-term options 

Once you’ve bought your dream Brighton property, consider your long-term options so that your asset does not go to waste after you or your children have finished college or university. You may decide to become a property freeholder so that you can lease your property to tenants for a better return – this option is unique to the English market. Alternatively, you may decide to sell the property after a few years of annual price rises, or become a landlord yourself and divide the property to increase its earning potential as a buy to let or student property.

According to the British Council, the UK attracts more international students than any other host country in the world, and with 34 UK institutions now inside the top 200 of the 2015 Times Higher Education World University Rankings, it is clear why so many choose to study here. For more information on buying, selling or renting in Brighton and the options available to you, contact our office on 01273  778 877

The south east of England has been stealing the limelight from London as ‘the’ place to live and work and the Brighton & Hove property market has gone from strength to strength since the election this year. Brighton and Hove property prices rose by more than 11% between June 2014 and June 2015 and cheap mortgage deals have maintained a buoyant house buyers’ market.

The Brighton market is as much about quality of life as it is about investment. Brighton welcomes visitors from around the world each and every day but for residents, the appeal of seaside life doesn’t just stop after the weekend. Once people do relocate to the city, they rarely leave!


Work and play

Families choose Brighton for its range of properties on the market in a distinct selection of property areas. Fresh graduates from the University of Brighton, ranked in the UK’s top 25% of universities for world-leading research, can also live in the city after their degree thanks to its large amount of rental accommodation on offer. Due to its large volume of students, Brighton boasts a large buy-to-let market and was named the best place for the fastest-growing buy-to-let yields in the UK in 2014; in May 2014, the average rental yield stood at 6.7%. Hanover is one of the best areas to find a large selection of student property.

Brighton’s bustling business scene is another reason why people choose to relocate to the city. Brighton was named as the best place to start up a small business this October and has the fourth largest number of start-up businesses in the UK. As the cultural capital along the coastline, Brighton boasts one of the most packed events calendar in the UK, which is great for the local economy and residents.

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Current and future property

Away from the bright lights of the seafront and its bright white Regency and Georgian townhouses, there are many other property pockets to tempt buyers and renters. Victorian property surrounding Preston Park is popular with young families, while residential Hove has Victorian, Edwardian and semi-detached rental and for sale homes on the current market.

This distinct contrast between city and seafront property has created a vibrant property market that is inclusive for every generation.The report notes that property prices are around 44% higher than the England and Wales average and the provision of all types of housing, for all budgets, is now a top priority. Numerous projects are now underway, including a 853 home development in Brighton Marina, and the redevelopment of London Road and Circus Street.

We continue to be excited by Brighton’s sheer range of properties on the market and are eager to watch upcoming developments rise up and transform recognisable spots across the city.

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