With its scenic nature, rolling hills and mesmerising coastline, paired up with a contemporary and bustling town centre, Kent is clearly the place to be in 2021. The area has seen a housing boom over the past 12 months with properties selling in rapid time, making Kent Property Investment a thriving hotspot for serious property investors looking for long-term investment in a serene environment.
Property website Rightmove crunched the statistics and found that 75% of homes listed sold between June 2020 and June 2021.
It's a trend largely followed on a national level too.
Rightmove reports that seven in ten sellers (68 per cent) across Great Britain found a buyer between June 2020 and June 2021, the highest percentage recorded in a decade.
Rightmove property expert Tim Bannister said: “While the long-term average shows that typically around half of sellers find a buyer, the increase in 2021 reflects the record numbers of buyers we’re seeing in the current market due to the changing priorities of home movers.”
COVID-19 Pandemic Effects on Kent Property Investment
The COVID-19 pandemic has had a significant effect on the housing industry with many people looking to up sticks and move home to the countryside to get away from the buzz of the city where the COVID cases are also at its worse. During lockdown, many big city slickers decided to leave the concrete jungle and find a new place to call home in quiet towns and cities.
Kent is one of the counties that has seen property market data change the most drastically, thanks to its superb transport links that further enhances its proximity to London.
Folkestone and Hythe are the Areas Where Houses Have Been Selling Fast This Year
Folkestone and Hythe is the area in the South East where houses have been selling the quickest over the past year. John Page, branch director at Miles & Barr Folkestone, spoke to KentLive about what makes the town such a popular location.
He said: "The Folkestone & Hythe property market has been very buoyant and we are not surprised because the location appeals to a wide variety of people.
"From Folkestone’s creative scene to the independent boutiques and eateries along the historic cobbled high street, as well as the beautiful coast to countryside lifestyle, the area offers something for everyone."
"Between January to June 2021, our internal statistics showed that the average house price in Folkestone was £355,841.”
Buyers are also attracted to Kent Property Investment because it has and is continuing a regeneration and investment programme, with two fast links to London – offering a commute under an hour to the capital - and a selection of excellent Junior and Grammar level schools.
Read more about our Kent Property Investment Hotspot series below or if you’re interested in running through our local Kent new build developments chat with the team on 02079236100 or book a time.