Property prices in Brighton continue to rise

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by Kay Murchie

Prices in Brighton have soared by 16% in the last year, as the city’s status as a London commuter hotspot continues, according to information released by estate agent Hamptons International.
A spokesperson for Hamptons said good schools, bars, shops, restaurants and good transport links to the capital are making the area attractive to out of town buyers.

The spokesperson added that Brighton is not a typical seaside town, it is still active during the winter months as it has a large student population and a growing influx of commuters from London, who have it as their permanent base, ensuring it is always lively.

Furthermore, according to Technical Forecasts, flat prices in Brighton are expected to grow by 53% over the next 5 years. This is well ahead of regional expectations (39%), as well as forecasts for England & Wales (41%).

Population predictions imply that Brighton and Hove will grow by nearly 8% over the next 10 years, while the regional average is expected to be around 5%.

Hamptons International added that Brighton and Hove will continue to benefit from the strong wave of economic growth from the London economy, as London continues to maintain a globally dominant position in financial markets and the associated business services sector.

Figures from the Land Registry imply that the price of flats in Brighton and Hove increased by 265% in the last decade 2006. This is above the national increase of 9.8% per annum over the same period.

Finally, the average price of a Brighton property is well below the average house price for London which is currently £349,838 making Brighton a much more affordable choice. The seaside town is also popular for Londoners looking for a weekend haven.