Article Summary

Brighton and Hove’s economy is consistently growing. The Centre for Economics and Business Research (CEBR) has predicted that Brighton will go up 38 places in the UK’s leagues table of cities by the end of 2023. In two years, the city could thus be part of the country’s top five. This is based on the city’s current economic yearly growth of 2.3%.

Preferred relocation destination for young professionals

Often called ‘London on Sea’, the city is a preferred relocation destination for those living in the capital. This is just one of the many strong reasons why Brighton and Hove is an ideal place for property investment.

The city has a potent residential market, but currently undersupplied in relation to the levels of demand and the predicted population growth. Plenty of London’s transport commuters choose to live in Brighton. More and more young professionals are attracted to the city’s lifestyle, opportunities and landscape. This is, in turn, causing a substantial increase in demand for rental units. Both buy-to-live and buy-to-let investors will find valuable property investment opportunities in Brighton and Hove.

Ongoing plans for urban revival

Aiming to transition to a sustainable economy, Brighton and Hove’s city council is on track with its urban regeneration plan for 2020-2023. Establishing a circular economic framework and moving to a smarter zero carbon energy system are among the main aims. Seeking to support investment in the seafront infrastructure and focusing upon the built environment are also key points on the council’s list. The urban developments completed so far are already bringing in new jobs, stimulating the post-pandemic economic recovery.

Brighton and Hove’s Part Two of the city’s urban renewal was approved last month by the city council. The added areas of focus are addressing the housing need and the climate emergencies, but also the preservation of Brighton and Hove’s heritage and patrimony. The Council will also be looking into improving the quality of the city’s urban design.  

Goldstone Apartments

Contributing to Brighton and Hove’s urban regeneration, Goldstone Apartments are set to be finalised in the fourth quarter of 2024. Conveniently linked to central London, the development is only a 15-minute walk away from Brighton beach. The surrounding residential area is flourishing, benefitting from the investment of hundreds of millions of pounds. One of its many points of attraction is Goldstone Retail Park. This is the most established retail park within the catchment, close to Hove Park and two train stations, Aldrington and Hove, with train rides into London taking less than an hour.

Goldstone Apartments means superior design and high specifications, set to provide a new level of luxury to its occupants. Maximising comfort, the interior design includes top-quality fixtures, fittings and furnishings, all in open-plan living spaces. The other areas of the development – lounge, roof terrace, café and shared workspaces – will create a sense of community and enhance the occupants’ wellbeing and relaxation.

Contact us

To learn about current Brighton and Hove property investment opportunities, or to find out more about how property investment works, get in touch with the experts at North Property Group today.