|
Brighton's 'London feel' helps to bring in the buyers
31 January 2008 11:30
Brighton's geographical and cultural proximity to London and its own unique features account for the high demand for property there, according to one local estate agent.
Nationwide recently ranked Brighton as having the eighth highest rate of house price growth of any British city last year at 11 per cent, which took the average property price there up to £307,606, making it also the fourth most expensive city in the UK.
Brighton & Hove Family Homes director Charlie Snell attributed Brighton's popularity partly to it feeling a bit like and having close transport links with London, without such high house prices, but also to its own distinct identity and assets, such as the seaside.
He said that the areas in the city that tend to do well are places like Hove that attract families with good schools and their Victorian and Regency-era houses, adding that older properties generally outnumber new builds and tend to sell extremely strongly.
Mr Snell also noted that Brighton's housing market was only temporarily affected by the credit crunch, with prices picking up again over the winter, before asserting that homebuyers there are generally immune to some of the present pessimism over property.
|
