Ramsgate has been affected by the rapidly rising house prices that are happening all over the UK. The seaside town has been reported by GetAgent – an online property portal – to have had the highest increase in average house pricing within the last year.
Since 2021, housing prices across the UK have risen by 11.9 per cent but a few Kent towns topped that figure. Herne Bay prices have been driven up by 19.8 per cent whereas Ramsgate has seen the highest increase of 20.4 per cent.
A house in Ramsgate will set a buyer back an average of £322,000 according to the GetAgent report. According to RightMove, last year an average Ramsgate home would previously cost £269,000 on average – so it’s equivalent to an increase of more than £60,000.
The site added, “the majority of sales in Ramsgate during the last year were terraced properties, selling for an average price of £270,315. Semi-detached properties sold for an average of £296,849, with flats fetching £163,953.”
The Thanet town has plenty to offer in terms of tourist activities, including the beach, the port and the Ramsgate Tunnels. The town is only a short trip away from Broadstairs and Westwood Cross.
James Perks from Miles & Barr estate agents, spoke to KentLive about the recent popularity growth in the town. He said:”Ramsgate is attracting buyers from across the country, and it’s easy to understand why. The seaside town is the host to a yacht-packed royal marina, awash with history and picturesque views, accompanied by gorgeous walking routes along the coastline, with a vast variety of boutique and artisan cafes, shops, and restaurants.”
When asked about why the prices are rising, he responded with: “In recent years, remote working opportunities have increased within workplaces, and with Thanet Parkway railway station due to be completed in May 2023, creating travel links to London from Thanet taking just 67 minutes, many will be able to swap the fast-paced city lifestyle, for a calm and peaceful coastal life. With average house prices remaining much lower than those seen in areas such as London, many view a move to Ramsgate as an attractive idea as they can own a home they could originally only dream of.”
Ramsgate is on the rise and just like other Kent seaside towns, it will be rising in costs even further, very soon. The town has seen a formidable growth throughout lock down as people ‘escape the city’.
Article Source: Kent Live