Overview
Hastings is experiencing a housing boom, with rising property values and rental prices, but also a growing housing crisis. While the town is attracting attention as a potential property investment hotspot, especially for buy-to-let, it's also facing challenges related to affordability and homelessness.
Rising Property Values and Rents:
Hastings has seen significant increases in house prices and rental costs over the past decade, with some areas experiencing double-digit percentage growth.
For example, detached properties saw a 41.7% increase in value over 10 years, while flats/apartments increased by 52.8% according to Rush, Witt & Wilson.
Rents have also risen sharply, with average rents in Hastings increasing by over 5% in the last year.
This rise in property values and rents is fueled by increased demand, particularly from those priced out of other areas like Brighton and London according to Abbott & Abbott.