Buy to let is booming in Brighton
Brighton continues to offer something distinctly different for property investors, reports a property advisory company.
While cities such as Manchester like to proclaim themselves regional capitals and alternatives to London, Brighton does the opposite, basing much of its appeal on being accessible from the capital and having a London atmosphere.
At the same time, it offers coastal attractions that the mostly landlocked cities of the midlands and north do not have.
One fact which may help buy-to-let is the high level of house prices. In September 2007 a high street bank noted that Brighton and Hove had seen 132 per cent house price growth since gaining city status in 2000, not the highest growth of the millennium cities (Inverness took that title) but still 24 per cent above the regional average.
Slightly tougher market
Last week comma Sussex newspaper the Argus ran a story suggesting the area was in line for a price fall, but this was given short shrift by local estate agents, particularly those in Brighton.
So Brighton, it would appear, looks to be an ongoing strong prospect both for the residential and buy-to-let markets.
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