Brighton is one of the more expensive places to buy property in the UK.
HM Land Registry states the average property price is £433,142.
On average, detached homes cost £850,277. Semi-detached properties cost £547,053. Terraced houses cost £485,622, and flats cost £332,523. Buy-to-let property / apartments can make for lower initial costs when investing due to the cheaper price.
In comparison, the UK average property value is £289,824, making the typical Brighton property almost 40% more expensive than the national average—a Brighton flat costs more than the national average for semi-detached properties, which stands at £281,520.
Over the past year, Brighton has seen a price growth of -2.40%, meaning prices are lower than 12 months ago. Terraced homes saw the largest price decline, coming to -2.80%.
According to Rightmove, the majority of sales in the area during the last 12 months were flats.