Brighton Property Market

Brighton is a popular seaside city on the south coast of England, known for its vibrant culture, diverse population, and beautiful beaches. It is also a popular destination for property investors, due to its strong economy and growing population.

Current State of the Brighton Property Market

The Brighton property market has been buoyant in recent years, with prices rising steadily. The average property price in Brighton is now £440,000, which is around 20% higher than the UK average.

The demand for property in Brighton is high, due to a number of factors, including:

• The city’s strong economy: Brighton is home to a number of thriving businesses and industries, including tourism, technology, and creative services.
• Its growing population: Brighton’s population has grown by over 20% in the last decade.
• Its desirability as a place to live: Brighton is a vibrant and cosmopolitan city with a lot to offer residents, including a thriving arts and culture scene, a diverse range of restaurants and bars, and easy access to London and other major cities.

Factors Influencing the Brighton Property Market

There are a number of factors that could influence the Brighton property market in the coming years, including:

• The overall state of the UK economy: If the UK economy experiences a recession, this could lead to a decline in property prices in Brighton.
• Interest rates: Rising interest rates could make it more expensive to borrow money to buy a property, which could lead to a decrease in demand.
• Government housing policy: Government policy changes, such as changes to stamp duty or tax relief for landlords, could also impact the property market.

Outlook for the Brighton Property Market

Overall, the outlook for the Brighton property market is positive. The city’s strong economy, growing population, and desirability as a place to live are all likely to continue to drive demand for property.

However, it is important to be aware of the factors that could influence the market in the future, such as the overall state of the UK economy, interest rates, and government housing policy.

Tips for Buying Property in Brighton

If you are considering buying property in Brighton, here are a few tips:

• Do your research: Before you make an offer on a property, it is important to research the local market carefully. This will help you to understand what prices are being achieved for similar properties in the area.
• Get pre-approved for a mortgage: This will give you an idea of how much money you can borrow and what your monthly repayments will be.
• Be prepared to move quickly: The Brighton property market is competitive, so it is important to be prepared to move quickly if you find a property that you like.
• Get professional advice: We offer free buy to let advice, why not fill out our simple form here for a free 30 minute session.

Renting a property in Brighton

Brighton is a popular coastal city in Sussex, England, with a vibrant culture and a thriving economy. It is also a popular tourist destination, which means that there is a high demand for rental properties in the city.

If you are considering renting a property in Brighton, there are a few things you need to know.

1. The rental market in Brighton is competitive

Brighton is a popular city to live in, so there is a high demand for rental properties. This means that you may need to act quickly if you find a property that you like. It is also important to be prepared to negotiate on rent, as landlords may be able to afford to be picky about their tenants.

2. Rental prices in Brighton are relatively high

The average rent for a one-bedroom flat in Brighton is around £1,100 per month, while the average rent for a two-bedroom flat is around £1,400 per month. If you are looking for a larger property, or a property in a more desirable location, you can expect to pay even more.

However, if you have a property and you are unsure of the rental valuation – contact us today here.

3. There are a variety of different types of rental properties available in Brighton

Brighton has a wide range of rental properties available, from small studio flats to large detached houses. You can also find properties in a variety of different locations, from the city centre to the suburbs.

4. When renting a property in Brighton, it is important to be aware of your rights and responsibilities

As a tenant, you have certain rights, such as the right to live in the property in peace and the right to have repairs carried out by the landlord. You also have certain responsibilities, such as paying your rent on time and keeping the property in good condition.

Here are some tips for renting a property in Brighton:

• Start your search early. The best rental properties tend to go quickly, so it is important to start your search as early as possible.
• Register with a letting agent. Letting agents can help you to find suitable properties and can also negotiate on your behalf.
• Be prepared to act quickly. If you find a property that you like, be prepared to act quickly and put in an offer.
• Be aware of your rights and responsibilities. As a tenant, you have certain rights and responsibilities. It is important to be aware of these before you sign a tenancy agreement.

Here are some of the most popular areas to rent in Brighton:

• The city centre: The city centre is a popular place to live, as it is close to all of the amenities that Brighton has to offer. However, rental prices in the city centre are the highest.
• Kemptown: Kemptown is a popular area with students and young professionals. It is also close to the beach and the city centre.
• Hove: Hove is a more affluent area of Brighton, with a mix of families and professionals. Rental prices in Hove are generally higher than in other parts of the city.
• Preston Park: Preston Park is a popular area with families, due to its proximity to Preston Park itself and other green spaces. Rental prices in Preston Park are generally higher than in other parts of the city.

If you are thinking about renting a property in Brighton, it is important to do your research and to be prepared for a competitive market. However, with a little planning, you should be able to find the perfect property for you.

Renting in Hove.

Hove is a beautiful seaside city on the south coast of England, just east of Brighton. It is a popular destination for both tourists and residents, and the rental market in Hove is relatively competitive.

If you are considering renting in Hove, there are a few things you should keep in mind:

• Budget: The average rent for a one-bedroom flat in Hove is around £1,100 per month, and for a two-bedroom flat it is around £1,400 per month. However, rents can vary depending on the location and size of the property.
• Location: Hove is divided into several different districts, each with its own unique character. Some of the most popular areas to rent in Hove include:
  • Hove Park: A leafy and affluent area with a mix of Victorian and Edwardian houses and flats.
  • Churchill Square: A lively and central area with a good mix of shops, restaurants, and bars.
  • West Hove: A popular area for families, with a good selection of schools and parks.
  • Hove Lagoon: A popular area for young professionals, with a mix of modern flats and apartments.
• Type of property: The most common type of property to rent in Hove is a flat or apartment. However, there are also a number of terraced houses and detached houses available to rent.

Tips for finding a rental property in Hove:

• Start your search early: The best rental properties in Hove tend to go quickly, so it is important to start your search early.
• Register with letting agents: Letting agents will have a good selection of rental properties available, and they can help you to find a property that meets your needs.
• Be prepared to compromise: The rental market in Hove is competitive, so you may need to compromise on your budget or location in order to find a suitable property.
• Attend viewings: It is important to attend viewings of any properties that you are interested in renting. This will give you a chance to see the property in person and to ask the letting agent any questions that you have.

Once you have found a rental property in Hove, you will need to sign a tenancy agreement. This is a legal contract between you and the landlord, and it sets out the terms of your tenancy, such as the rent, the deposit, and the length of the lease.

Things to consider when signing a tenancy agreement:

• Rent: Make sure that you can afford the rent and that it is within your budget.
• Deposit: The landlord is legally allowed to ask for a deposit of up to five weeks’ rent. This deposit will be returned to you at the end of your tenancy, minus any deductions for damage to the property.
• Length of lease: Tenancy agreements in Hove are typically six or twelve months long. However, it is possible to negotiate a longer tenancy agreement with the landlord.

If you are looking for a property to rent, contact our lettings department now on 01273 724000!