Brighton market insights
Why buyers love Brighton so much, and why it matters to you
There are few things in life that you can trust more to enrich your family than the property they live in. While this is true in terms of the memories it creates and the special moments it hosts, it’s also true in terms of cold, hard material gain.
Since 2000, the average Brighton home has increased in price by 245.4 per cent. The best performing property type has been flats which have increased by 255.8 per cent, equivalent to £12,300 per year. The reason this particular type of home has outperformed the rest is down to a number of factors, but in essence it’s simply down to this being the home of choice for Brighton residents.
For anyone who has ever spent much time here, the attractions are fairly obvious. A great balance of first-rate housing stock, solid transport accessibility and ready access to the amenities we need the most. It is these factors which explain why our area has outperformed the national market during this period of cooling which has been felt in many parts of the country.
The popularity of Brighton as a place to live is unlikely to diminish any time soon. If you’re considering buying or selling in this area, now is the ideal time. There are great opportunities for buyers and sellers in every corner of the market. As long as you work with a local market expert, you’re destined to win big.
The proportion of sales by house type
For this month’s market update, we’ve decided to take a look at what percentage of total sales each house type accounts for each quarter. Whilst it doesn’t show the actual number of sales, it’s very useful for seeing what each property type is contributing to the total level of transactions.
Top 5% of properties in the local area
We were interested in looking at the selling prices of the top 5% of properties in the local market. This chart displays the main house types side-by-side so you can see how they sit relative to one another.
Local tenure patterns
The tenure mix of properties really defines what makes the local market tick. This chart shows how many people own, rent privately and rent from the council or a housing association. It’s very interesting to see how this changed between the last two censuses. In most, but not all of the country, private renting has increased substantially.
Employee of the month – February
4th March 2020
Jenny is employee of the month for February! Not only is Jenny a key member of the finance team but…
30% discount for first-time buyers
4th March 2020
The government has announced its First Home scheme, a policy which plans to offer first-time buyers a 30% discount on…
Wages continue to outstrip inflation
4th March 2020
The latest data from the ONS (Office for National Statistics) indicates that at 3.2% wage growth continues to outpace inflation,…