|
The Bournemouth Supremacy
One particular type of property continues to reign supreme in Bournemouth...
According to email4property.co.uk’s monthly house price index, apartments have proved to be the best selling property among Bournemouth homebuyers.
This has been the case for the past seven years, with apartments recording the highest number of sales of all the property types. Indeed, in 2007 50% of properties sold were apartments.
Young professionals flocking to the many relocated leading employers and students attending the highly popular university, dominate the town’s central postcodes, taking advantage of being able to live within walking distance of places of work or study.
As a result, the buy-to-let market here is strong, with investors taking advantage of the high rental demand, buying up one and two bedroom apartments and renting these popular properties to the vast student community, young professionals and seasonal workers.
Better quality of life?
David Bexon, Managing Director of email4property, comments: “Homebuyers in Bournemouth have continued to favour apartments, with areas such as East Cliff proving popular. Sales of apartments have continued to outstrip other property types since the millennium, with the average price of an apartment recording a 7% increase since 2006, finishing 2007 at £172,756.
“Over recent years, new build developments have drawn investors and second homeowners to the town with an increasing number of people buying sea view apartments or prime beach properties which benefit from an excellent setting and stunning views.
“Bournemouth is very popular with those looking for a better quality of life with an array of water activities on the doorstep, ideal for families looking for good schools and a safe and relaxing environment. At only a two and a half hour drive from London and two hours by train, Bournemouth is an easily accessible second home hotspot with apartments averaging at just over £160,000.”
|