Brighton and Hove - it's not only the football team that's on its way up.
Having been born and brought up in Brighton I was delighted to see the Seagulls clinch a place back in the top flight next season. The last time they were there was 1983 and I remember standing on the terraces of the North Stand as they beat the likes of Arsenal, Manchester United and Tottenham but still managed to finish bottom of the league and hence get relegated. It took me back to when I lived in Withdean and used to walk to the Goldstone Ground (subsequently sold off to property developers). We lived in a four bedroom detached house that my dad agreed to pay £23,000 for (a tad more than the current cost of a beach hut on Hove seafront!) before the foundations had even been laid. Similar houses in the vicinity change hands for in excess of £500,000 these days. I have always been of the opinion that a long term view pays off when it comes to property and that certainly appears to have been the case in the last 30 years or so.
I therefore read with interest a BBC article entitled Hove's BN3 postcode the most sought-after for 'young urbanites' which highlights research carried out by Lloyds Bank that suggests young professionals are heading to the seaside. According to the report from 17 April 2017, both Brighton and Hove appear amongst the most popular destinations in the country for young professionals purchasing a home, with Hove topping the rankings for the third successive year.
Of the top 20 areas with most property sales to young professionals, Brighton and Hove fill two of only four places outside of London. This suggests that both represent interesting propositions for investment whether you are looking for a main residence or a buy to let investment opportunity. Either way, Brunswick international Finance would be pleased to help with your mortgage requirements.