Apartments Make Waves In Bournemouth
Apartments have proved to be the best sellers among Bournemouth homebuyers, reports email4property.co.uk, with its monthly house price index recording a continued demand for this property type.
Over the past seven years, apartments have recorded the highest number of sales of all the property types in this popular coastal town, making up 50% of house sales in 2007 according to Email4property.co.uk, the largest network of local estate agent websites.
Young professionals and students 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 both the vast student community, young professionals and seasonal workers.
David Bexon, Managing Director of email4property, comments:
“Homebuyers in Bournemouth have continued to favour apartments, many of
which are located either in the town centre or on the seafront, 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 to the town and boosted the second homes market, 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 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 making this town a destination for an affordable holiday home.”
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