Top property hotspot for young professionals revealed

Wed, 19 Apr 2017

Top property hotspot for young professionals revealed
Hove's BN3 postcode area has been named England and Wales' most sought-after location for home buyers between the ages of 25 and 44 years, for the third consecutive year.

Lloyd's Bank conducted research based on profiling of 'young, urbanite professionals' by CACI and Land Registry housing market figures, with 16 of the top 20 areas being in Greater London.

'Young urbanites' are keen on Hove due to a range of factors: a "thriving cultural and arts scene" and a "buzzing nightlife" in neighbouring Brighton, combined with Hove's seaside location and sizeable homes, has seen the popularity of the area rise over the years. The Brighton and Hove Albion football club has also just been promoted to the Premier League, which will likely add to the appeal of the area for many people.

On average, living in any of the 20 listed locations adds £71,158 to the price of a house, with the average price of a house in one of these hotspots sitting at £735,874. However, Lloyds said that home buyers in Hove tend to pay approximately £31,000 less than buyers in surrounding areas.

Andrew Mason, Lloyds Bank mortgage products director, said: "Aspiring young professionals are typically well qualified, in well-paid jobs, and tend to live in areas not far from the city centre where they work.

"These buyers also don't appear to be put off by the significant premium in price to live in areas popular with young professionals."

The top 10 was completed by Wandsworth, Wimbledon, Fulham, Battersea, Tower Hamlets, Brighton, Streatham, Hampstead and Putney. Hampstead was the most expensive location for young professionals in the list, where the typical home costs upwards of £1.3m.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.




mths

Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company

HomeBuyService.co.uk is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy
FAQ
Sitemap

Get in Touch