Property Investment : Brighton
Although it’s often thought of as a town, Brighton received city status in 2001 – alongside the neighbouring town of Hove – meaning it is officially the City of Brighton and Hove. Something that has helped elevate its status as a property investment destination. The current population is around 287,200. It’s expected to grow to around 304,300 by 2026.
Brighton is, of course, well known as a seaside resort. That means it has a huge tourist and visitor trade, which supports the demand for accommodation: Brighton is a top ten tourist destination with around 490,000 visits a year.
Brighton has been identified as one of the top UK cities for business, with an economy worth £7 billion. Amongst other things Brighton has a big financial services sector – American Express is the largest private employer in the city. There’s also a large creative and media and growing tech. industry. Brighton has more tech. startups than anywhere in Britain and is sometimes called Silicon Beach. Brighton is also a large student centre. The University of Brighton has around 21,000 students and three campuses in Brighton plus one in Eastbourne. The University of Sussex has around 20,000 students. Brighton is known as a tricky place for students to find accommodation though, so there’s good scope for student landlords.
Currently the average 1-bedroom apartment is just over £900 per calendar month in Brighton & Hove. The average property let in Brighton & Hove is just over £1200 per calendar month. Current tenancies last on average around 18 months + meaning that property should be a long term
investment. We aim for both long term high quality tenancies and short lets for additional growth, In brighton rental prices climb an above average 11.5% a year! by focusing on rent to rent opportunities for short term stays and workers in brighton we can increase these yeilds 10 fold.
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