Brighton, East Sussex. Regency getaway and still a place to disappear into the crowds for rat race leavers, dirty weekenders and those who don’t feel they can be themselves anywhere else. Brighton has been a top destination for thrill seekers and property seekers for 200 years and when you look at prices here, it shows.
Situated right on the south coast being the 30th most expensive town to buy a property doesn’t sound too bad. But when you consider affordability things look quite different. First time buyers cannot afford 90% of property in the city due to the vast array of low paid work available in the area.
Yet something is driving prices – up 9% in the year to mid 2017 (or £29,000 in real terms). One thing is for sure, First Time Buyers aren’t fuelling the market.
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