Brighton Property Guide
Introduction To The Area
To get the boring statistics out of the way, there were 862,000 residents living in the Brighton postcode area in 2019, with an average age of 42. The population density was 733 residents per square kilometer. Population has grown by 14.2% since 2002 and the population average age increased by 0.6 years in the same period. Based on the 2011 Census, there was an average of 2.25 residents living in each household.
Brighton has its much-loved beach, independent shops, quirky restaurants and nightlife, some fabulous Regency architecture, a cool vibe, and train route straight into - and out of - the capital. Brighton’s first wave of tourists visited the town in the 18th century in the belief that bathing in and drinking its sea waters would be good for their health.
Little wonder then that 91% of residents of this south coast city (Brighton and Hove was granted city status in 2001) according to a YouGov poll are proud of where they live. If you're interested in joining the contented locals, you could sell your current house to a cash house buyer and be by the seaside in no time! Read below to find out more on what you will find property wise in Brighton!
Summary Of Price Moves
The majority of properties stem from the Regency era and have been either maintained as family homes or converted into separate flats. However, there are relatively new developments, such as Marlborough Mews, in the centre of the town that have been sympathetically built and designed to blend into the surrounding area.
Brighton, you won’t be surprised to hear, is expensive. Just ask RightMove, who report that properties in Brighton had an overall average price of £446,222 over the last year. The majority of sales in Brighton during the last year were terraced properties, selling for an average price of £490,313. Flats sold for an average of £285,984, with semi-detached properties fetching £480,725. Overall, sold prices in Brighton over the last year were 8% up on the previous year and 11% up on the 2018 peak of £400,885.
With regards to three-month moving averages, what was once 166 days (last March) is now 159 days (this March), representing a four percent decline in how long a property is listed on the market. It is less good news with regards to the number of properties on the market, with the lowest figures in the last calendar year occurring this month, under 2,000, at 1,987. This represents a 12% decrease since last March. There will surely be an increase over the summer as restrictions ease for the (fingers crossed) final time, as people will be longing for open air, open space, and the seaside.
Recent Developments
Demand for homes in Brighton and Hove has increased a huge amount, with the 2020 figure soaring by a staggering 86 per cent in just 12 months.
This data was taken from Zoopla’s' latest Brighton House Price Index, which studies multiple local housing trends and prices on an annual basis. Neil Parker, regional sales director at Leaders estate agents, said: “We’ve seen greater movement of people – especially Londoners – who no longer need to live so close to their workplace due to the shift towards home working. This means properties with space to work from home have been in high demand."
It shouldn’t come as much surprise that with a full year of multiple lockdowns, that the terms people searched for most when using the property website was "garden", followed by "parking", "garage" and "sea view". Zoopla's consumer spokesman Tom Parker said: "The unprecedented circumstances this year and various lockdowns have created an opportunity for people to evaluate their current home situation and that has accelerated a desire to move.
"It’s no surprise that outdoor space dominates searches as the time we’re spending at home, personally and professionally, continues to increase.”
Estate Agents' Comments
John Hilton states that “In October 2004 Brighton and Hove was granted city status and in the 2011 census the population was calculated at 273,400 residents. Brighton and Hove is a very popular tourist destination attracting over 8 million visitors each year with lots to see such as the Brighton Pier, the Royal Pavilion, Brighton Marina and the famous Lanes to name a few. With its diverse cosmopolitan vibe it is no wonder Brighton and Hove is such a popular destination, not only for tourists, but also for people looking to move to the city to live. We constantly receive a large number of enquiries from people looking to move to the area from all over the country and especially from London. With strong transport links and direct trains into London Victoria (49mins) and London Bridge (60mins) Brighton is often labelled as “London By The Sea”. Brighton and Hove is also home to two universities. Sussex University was established in 1961 and is located 4 miles from the centre between Stanmer Park and Falmer and has over 13,000 students.”
Mansel McTaggart agrees, saying that Brighton “has a huge creative community – artists, musicians, actors, writers, journalists through to marketing and media people of all varieties. It is also popular with the gay community, both those who live and visit its annual Pride festival or brilliant clubs and bars. It's also conveniently located for your travels with Gatwick Airport and Newhaven ferry port both close by. There is an up-and-coming Premier League football team and a stunning new stadium, the Amex. If you fancy a bit of celeb-spotting, Fat Boy Slim and Zoe Ball, Adele, Nick Berry, Nick Cave, Steve Coogan, Peter James, Des Lynam, Sally Gunnell, Chris Eubank and Steve Ovett all live in this bohemian city.”
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