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Folkestone: The Kent district where houses have been selling like hot cakes this year

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Original article from Kent Live

Folkestone is clearly the place to be in 2021.

The Kent town has seen a housing boom over the past 12 months with properties selling in rapid time.

The COVID-19 pandemic has had a knock-on effect on the housing industry with many people looking to up sticks and move home.

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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.

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Given Kent's proximity to London, it is one of the counties that has seen data relating to the property market change the most drastically.

Folkestone and Hythe is the area in the South East where houses have been selling the quickest over the past year.

Property website Rightmove crunched the statistics and found that 75 per cent of homes listed sold between June 2020 and June 2021.

Folkestone seems to be going on how quickly houses are selling

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.

"Buyers are also attracted to Folkestone because it has and is continuing a regeneration and investment programme, plus it has two fast links to London – offering a commute under an hour to the capital – and a selection of excellent Junior and Grammar level schools.

"Between January to June 2021, our internal statistics showed that the average house price in Folkestone was £355,841.”

Folkestone has it all for new residents

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.”

If you have seen or heard anything you think we should know about, or in relation to this, please contact the KentLive newsdesk by email at kentlivenewsdesk@reachplc.com

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Original Article