Parks Predictions for 2022
During the final days of 2021, The Argus sought out many optimist Brightonians’ who are ‘hopeful that 2022 will be full of hope and promise’[1]. Certainly, we can agree that the year has got off to a good start. So far, 2022 has hit the ground running by already smashing world records and setting us up for an incredible year ahead. New Years Eve brought with it the warmest final hours since 1916[2] reaching temperatures of 16°C, and here at Parks, we aim to smash records of our own. Parks plan to elevate by way of larger property and Landlord portfolios, higher rental value and maximum outstanding customer service. We can’t wait to see what this year has in store for us.
As we have seen over the past few years, rental prices have risen steadily, meaning our buy to let Landlords have maintained an exceptionally successful and profitable position. As we head into 2022, the attraction of Brighton seafront, the laines and cosmopolitan culture seems to soar ever higher, and consequently, we don’t expect these rental figures to drop any time soon. Every day we are seeing more and more London based working professionals head to the coast and opt to either work from home, or commute into London via Brighton station. Quite rightly, The Evening Standard placed Brighton in their top three most in-demand coastal areas to buy property for 2021; “Brighton – the perfect choice of those who want to combine city life with the beach…The East Sussex city also has the South Downs on the doorstep, a train service to Victoria or London Bridge taking around an hour, and great shops, restaurants, cafes, and nightlife.”[3]
Whilst the introduction of covid’s latest variant has caused some concern, restrictions are noticeably lighter than before, and previous setbacks on travel are not impacting us in the same way. The summer of 2021 saw a number of heart-warming stories of families reuniting after months apart[4], and all around us, British nationals are either finally booking flights to come home or head out again to their desired destination. Moreover, from Thursday the 27th, we expect Brighton to become much fuller with sightseers and day breakers and await the hordes of independent businesses to continue flourishing as the public storm their doors. This summer we’ll be looking out for some of our local A-list celebrities strolling down the seafront, alongside just married couples posing on the iconic bandstand.
As a result of diminishing restrictions, Parks predict a heartier year of group charitable events such as marathons, competitions and bake sale events. Parks are profoundly dedicated to doing what we can for charity and are excited to get back into the swing of things once we are sure it is completely safe to do so. Additionally, we are already eagerly awaiting news of Brighton’s’ larger scale events such as Pride weekend hosted during the sunnier season. We are sure 2022 will finally allow us to celebrate this wonderful occasion once more.
While it has undoubtedly been a long couple of years, the world is slowly but surely relaxing its shoulders and finding its new normal. We wish the best to all of our Landlords and tenants during the upcoming months and want to highlight that we are always here to help support you when needed. If you are looking to become a Landlord in 2022, and want a valuation on your property, or for anything else at all, call a member of our friendly and professional team today on 01273 202089. Alternatively, contact our letting director Antony Rummins via email on antony.rummins@parksletting.com. Thank you.
[1] https://www.theargus.co.uk/news/19819050.new-years-revellers-brighton-reveal-hopes-2022/
[2] https://www.bbc.co.uk/news/uk-59847641
[3] https://www.standard.co.uk/homesandproperty/property-news/top-seaside-locations-homebuyers-2021-b969654.html#:~:text=Top%20seaside%20locations%20for%20homebuyers%3A%20Bournemouth%2C%20Southampton%20and,house%20hunters%20have%20been%20searching%20most%20this%20year.
[4] https://www.bbc.co.uk/news/av/uk-scotland-58062730
