Property Market Outlook 2023: Folkestone Kent
Folkestone is located on the southeast coast of England, is an up-and-coming area with a lot to offer both residents and visitors alike. In recent years, the town has seen a resurgence in popularity, thanks in part to a number of exciting developments and an increasing focus on tourism.
One of the biggest draws for Folkestone is the beautiful seafront, which has undergone a significant transformation in recent years. The Harbour Arm, a popular spot for locals and tourists alike, has been rejuvenated with the addition of new restaurants, bars and shops. Along the seafront, there are also plans for a number of new developments, including a new hotel, which is set to open in 2023.
In addition to its coastal charm, Folkestone is also known for its thriving art scene. The town is home to several art galleries, as well as the annual Folkestone Triennial, an international art festival that takes place every three years and attracts artists from around the world.
As for the property market in Folkestone, the outlook for 2023 is positive. According to recent data, the average home price in the area has been steadily increasing and is expected to continue to do so. The local market is driven by a combination of factors, including the town’s growing popularity as a tourist destination, as well as the increasing demand for property from London Commuters looking for more affordable options.
One of the most exciting developments in the area is the new Harbour Quarter development, which is set to transform the seafront with a mix of residential and commercial properties, as well as public spaces and a new marina. This development is expected to attract a lot of interest from investors and buyers looking for a property with a view in a up and coming area.
Overall Folkestone is an area with a lot of potential, offering a charming coastal lifestyle, a growing art scene, and a property market with a positive outlook. With the Harbour Quarter development and the new hotel on the horizon, the area is expected to see a lot of growth in the coming years.
In conclusion, Folkestone is a great option for those looking for a coastal lifestyle and a property market with a positive outlook. The area has a lot to offer, from the beautiful seafront to the thriving art scene, and new developments like the Harbour Quarter are set to bring even more opportunities for growth in coming years.
If you’d like to learn more about mortgage products and how we can help you, please don’t hesitate to get in touch with our team. We’re here to help you navigate the ever-evolving world of mortgages and guide you toward a brighter, greener home.
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