The housing market in Kent has been a hot topic for real estate investors, homeowners, first-time home buyers, and real estate agents alike. With its beautiful landscapes, rich history, and proximity to London, Kent has become a popular destination for those looking to buy or invest in property.
In this article, we will provide a comprehensive overview of the Kent housing market, including its current state, trends, and future prospects.
The Current State of the Kent Housing Market
The Kent housing market has been experiencing steady growth over the past few years. According to the latest data from the Land Registry, the average house price in Kent is £324,000, which is slightly higher than the national average of £256,000. The most expensive areas in Kent are Sevenoaks, Tunbridge Wells, and Maidstone, while the most affordable areas are Thanet, Swale, and Dover.
Despite the ongoing pandemic, the Kent housing market has remained resilient. In fact, the demand for property in Kent has increased due to the rise of remote working and the desire for more space and greenery. This has led to a shortage of available properties, which has driven up prices and made it a seller’s market.
Trends in the Kent Housing Market
One of the biggest trends in the Kent housing market is the rise of new build properties. Developers are taking advantage of the demand for housing by building new homes in areas such as Ebbsfleet, Ashford, and Chatham. These new builds are often more affordable than older properties and come with modern amenities and energy-efficient features.
Another trend in the Kent housing market is the increase in demand for properties with outdoor space. With the pandemic forcing people to spend more time at home, many are looking for properties with gardens, balconies, or terraces. This has led to a surge in demand for properties in rural areas and coastal towns, such as Whitstable and Deal.
The Future of the Kent Housing Market
The future of the Kent housing market looks bright. The government has announced plans to invest in infrastructure projects in Kent, such as the Lower Thames Crossing and the expansion of high-speed rail services. These projects will improve connectivity and make Kent an even more attractive destination for commuters and investors.
Furthermore, the demand for housing in Kent is expected to continue to rise due to the ongoing pandemic and the trend towards remote working. This will lead to further price growth and a shortage of available properties, making it a seller’s market for the foreseeable future.
FAQs
1. What is the average house price in Kent?
The average house price in Kent is £324,000, which is slightly higher than the national average of £256,000.
2. What are the most expensive areas in Kent?
The most expensive areas in Kent are Sevenoaks, Tunbridge Wells, and Maidstone.
3. What are the most affordable areas in Kent?
The most affordable areas in Kent are Thanet, Swale, and Dover.
Conclusion
The Kent housing market is a seller’s market that has been experiencing steady growth over the past few years. The demand for housing in Kent is expected to continue to rise due to the ongoing pandemic and the trend towards remote working. The rise of new build properties and the increase in demand for properties with outdoor space are two of the biggest trends in the Kent housing market.
The government’s investment in infrastructure projects in Kent will improve connectivity and make Kent an even more attractive destination for commuters and investors. Overall, the Kent housing market looks set to continue its growth trajectory in the coming years.
