John Elliott, Managing Director of Millwood Designer Homes discusses why more homebuyers are attracted to the Sussex coast as a destination for re-locating:
For many years British coastal resorts have been in decline, however thanks to a significant investment to enable expansive regeneration, the tides have turned with visitor’s numbers up and more homebuyers leaving the city to head for the seaside. According to the 2017 Waterside Survey by Strutt & Parker 62% of people want to live by the seaside.
Extending from Bognor Regis to Rye, with stunning countryside and beautiful beaches, the Sussex coast has particularly seen an influx of businesses, increased tourism and a rise in homebuyers in recent years. Those priced out of London are moving south to the popular seaside locations of Brighton, Worthing, Eastbourne and Hastings. In particular, Brighton has seen a 46 percent rise in property prices over the last decade, outpacing the national average by 15 percent, thanks to its seaside location, famed nightlife, extensive shopping and convenient connections to the capital.
The resurgence has been driven by Sussex coastal towns reinventing themselves for the 21st century. One example is Hastings, which currently has huge potential for investors, thanks to the extensive regeneration plan. It has been said one of the greatest symbols of the Sussex coasts’ rise in popularity, is the new pier at Hastings. Having undergone a £14.2 million redevelopment, the pier was visited by an estimated 75,000 people in the first fortnight of being open to the public. Due to this, Hastings won Pier of the Year 2017, narrowly beating Worthing which came second for the third year running.
Thanks to this extensive investment and regeneration, the Sussex coast now offers homebuyers an exciting investment opportunity. At our Woodlands View development in Hastings, there is a range of two and four bedroom homes available from £240,000 with the Government’s Help to Buy scheme providing an ideal opportunity to step onto or up the property ladder.
I firmly believe, there has been a clear shift from the decline of coastal towns to a major revival of the seaside economy. If the pattern of rising popularity and house prices in seaside towns continues, areas along the Sussex coast will provide further investment opportunities for buyers as well as an excellent location to call home.