Brighton dominates UK market outside London
With more than £1.2 billion in property sales in 2017, Brighton and Hove attracted by far the biggest slice of investment in any UK market outside London, according to the latest figures from the Land Registry.
Total sales in its three main postcodes – BN3 (£459 million), BN1 (£399 million) and BN2 (£365 million) – took up three of the top four non-London positions, with only Maidenhead (£438 million) coming close.
Described as the UK’s ‘go-to property hotspot’, Brighton is less than an hour’s rail journey away from central London, with a thriving business community, excellent retail and entertainment facilities and some of the UK’s best beaches and countryside nearby.
Next on the list are Bath and Bristol in the West of England, Christchurch in Dorset, Horsham in West Sussex (close to Brighton) and Ascot, near Windsor to the west of London.
In Central London, the SW11 postcode in the borough of Wandsworth topped the list of property sales by value, with just over £1 billion, followed by Camden NW3 (£659 million), Hammersmith and Fulham SW6 (£647 million) and Tower Hamlets E14 to the east of the city (£581 million).
In terms of average price, Virginia Water in Surrey headed the list outside London with £1.46 million per property, followed by Chalfont St Giles in Buckinghamshire (£1.1 million). In London the average price of a property in Westminster’s W1B postcode was £4.2 million and in Chelsea’s SW1X it was £3.7 million.