The city of Brighton and Hove attracts the most foreign investment outside of London, a new report has found.
Research by law firm Irwin Mitchell and the Centre for Economic and Business Research ranked 50 UK locations across three categories: local skills, infrastructure and growth potential – and while the top three locations were regions of London, Brighton was ranked in fourth place.
The report identified Brighton and Hove as a prosperous hub for the digital, creative and media industries as well as environmental and health-related businesses. It also highlighted recent examples of international investment in the coastal city, such as the
Lithuanian fintech business Paystrax UAB setting up a UK subsidiary with an office in Brighton, US-based Hi Rez Studios establishing a new mobile games development team in the city, and France’s Capgemini opening a new digital delivery hub for HMRC.
New investment attracts people which increases the demand for properties. One of many major projects currently being built in the town is a brand new development in Hove’s leafy Goldstone area which is due for completion in summer 2024.
Goldstone Apartments is a collection of 148 one, two and three-bedroom apartments and presents an opportunity for potential investors in the thriving seaside city with predicted gross yields forecast to be up to 13.2 per cent.
With zero ground rent and approval in place for long and short-term lets, Goldstone Apartments will appeal to both homebuyers and prospective investors alike, says estate agency Michael Jones & Company.