Fortitudo Property Development Specialist Richard Carr gains planning permission and overseas developments of luxury properties in the south coast of the UK and isn’t surprised to see a buck in the trend.
Places such as Hove, Brighton and Bournemouth have all becoming leading property hotspots for 25 to 44 year olds to purchase homes. Hove leads the list whilst neighbouring Brighton is the fifth most popular.
Hove and Brighton rank highly ranks to the relatively short commute into the capital. Despite this, 16 of the top 20 areas that attract the highest proportion of young professionals is London. The majority of the places are fairly obvious with Wimbledon, Battersea, Fulham and Islington all high on the list.
The internet has transformed the way that the UK shops. Virtually anything that is consumable can be purchased online, but will an auction style method work for the property market?
On Wednesday 10 June, newly built flats on the outskirts of London will go under the hammer for exactly 24 hours and 5 minutes.
Allsop’s residential auction partner Gary Murphy, explained: “This new service provides a superior route of sale for new properties and will co-exist harmoniously alongside our traditional ballroom auctions.”
Richard Carr, a Commercial and Residential Development consultant based in the south east of England, is delighted at the recent news that Bournemouth is the UK’s fastest-growing region in the digital economy, as reported by the telegraph.co.uk.
Digital economies booming outside of London
The average perception of Bournemouth is one of sand, sea, and the Pier! How many people would have put the coastal resort town down as being the home of the country’s fastest-growing digital economy?
The majority of outsiders wouldn’t have, but those that reside and operate in the area are well aware of the burgeoning digital hub that is being created in the town.
74% of the UK’s digital firms are now based outside of London with Bournemouth, Liverpool and Brighton emerging as the industry’s runaway leaders.