As we move into August, the UK property market continues to show resilience. Recently Nationwide reported annual house price growth of 2.1 percent, while average asking prices hit record highs earlier this year. In Southend-on-Sea, prices have risen by over 3 percent in the past year, and rents have climbed by nearly 7 percent (ONS). These figures highlight that while the national picture may have felt a little uncertain, many regional areas are holding firm or even gaining ground.
One trend that defined the market in recent years was the surge in buyers relocating to coastal towns. Likely prompted by lifestyle changes and remote working opportunities, many made the move to the seaside during the pandemic. This wave of movers has started to settle with some of the more tourism heavy locations experiencing softening demand. Increased regulation around second homes and changes in local taxation have no doubt also impacted these areas.
Despite this shift, certain coastal towns are continuing to thrive. The key difference is that today’s buyers are seeking more than just a sea view. Practicality, connectivity and community are just as important. That’s where places like Leigh-on-Sea come into their own. With respected local schools, a thriving high street, excellent rail connections into London and a real sense of character Leigh represents the kind of balanced lifestyle people are now prioritising.
It’s for exactly that reason we’re proud to announce our next office will be in Leigh-on-Sea. This exciting expansion allows us to further support clients in one of the most promising and desirable markets in the region, combining local insight with the trusted service we’re known for.
Coastal living is no longer about chasing trends. It’s about making smart decisions in locations that offer long term appeal and strong fundamentals. Leigh-on-Sea ticks every box and we’re excited to help more people make the move.
Written By Co-Founder, James Hunt
Canary Wharf Estate Agents, Wanstead Estate Agents, Loughton Estate Agents, Hornchurch Estate Agents, Colchester Estate Agents, Ongar Estate Agents, Leigh-On-Sea Estate Agents
