Evolving Broadstairs Property Preferences

A Shift in Types of Broadstairs Properties Purchased Over the Last Two Years

The Broadstairs property landscape is constantly evolving, shaped by societal, economic, and cultural factors.

The type of properties people have bought in the last few years since Lockdown One has undergone some notable changes, reflecting shifting preferences and lifestyle choices.

This article explores the transformations in property purchasing trends over the last two years compared to the long-term, almost three-decade average, with a focus on Broadstairs detached houses, semi-detached houses, terraced houses, and apartments.

Broadstairs Detached Houses: A Shift Towards Modernity

Detached houses, long considered the epitome of homeownership, have witnessed a transformation in Broadstairs buyer preferences. They still hold significant appeal, particularly for Broadstairs families seeking privacy and ample space. However, the demand for Broadstairs detached properties in the last couple of years has decreased when compared to the previous average of the last three decades. This shift can be attributed to changing demographics, evolving lifestyles, and a preference for convenience and urban living.

Between 1995 and 2020, 4,152 detached homes sold in the Broadstairs area, representing 30.9% of all property sales in those 26 years. In the last two years (2021 & 2022), 395 detached homes sold in the Broadstairs area, representing 29.8% of all property sales in those 2 years, a proportional drop of 3.7%.

Broadstairs Semi-Detached Houses: Balancing Space and Affordability

Broadstairs semi-detached houses have lost their position in the pecking order of the Broadstairs property market over the past three decades, even though they strike a balance between the space offered by detached houses and the affordability of terraced houses. Their appeal to both Broadstairs families and young professionals remains good.

Between 1995 and 2020, 4,635 semi-detached homes sold in the Broadstairs area, representing 34.5% of all property sales in those 26 years. In the last two years (2021 & 2022), 393 semi-detached homes sold in the Broadstairs area, representing 29.6% of all property sales in those 2 years, a proportional drop of 14.2%.

Broadstairs Terraced Houses: Embracing Urban Living

Broadstairs terraced houses have witnessed a resurgence in popularity, with many new home builders utilizing the modern 'town house' in a three-storey format. These houses provide a contemporary take on the traditional property type, attracting younger Broadstairs buyers looking for a low-maintenance lifestyle without sacrificing space. Victorian terraced homes also offer a blend of affordability, convenience, and a sense of community, attracting young professionals, couples, and small families.

Between 1995 and 2020, 2,709 terraced homes sold in the Broadstairs area, representing 20.2% of all property sales in those 26 years. In the last two years (2021 & 2022), 290 terraced homes sold in the Broadstairs area, representing 21.9% of all property sales in those 2 years, a proportional increase of 8.3%.

Broadstairs Apartments: The Rise of Vertical Living

The most significant transformation in property type preferences over the past three decades can be observed in the increased popularity of apartments in Broadstairs. Rising land costs and a growing desire for low-maintenance living have propelled the demand for apartment living to new heights. Apartments offer affordability, security, access to amenities, and a lock-and-leave lifestyle, making them attractive to millennials and young professionals. The focus on sustainable living and reduced carbon footprints has further fueled the demand for high-density housing options.

Between 1995 and 2020, 1,922 apartments sold in the Broadstairs area, representing 14.3% of all property sales in those 26 years. In the last two years (2021 & 2022), 248 apartments sold in the Broadstairs area, representing 18.7% of all property sales in those 2 years, a proportional increase of 30.6%.

The property preferences in Broadstairs have experienced notable shifts over the past two years compared to the long-term average of the last three decades. By recognizing and responding to these trends, homeowners, buy-to-let landlords, planners, and developers can ensure that Broadstairs' property market continues to thrive and meet the demands of the future.