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Kent Property Market Report 2020: Folkestone & Hythe has proven its credentials

The annual Kent Property Market Report has been launched, providing an insight into why Folkestone, Hythe and Romney Marsh provide an extraordinary place to live, work, visit and invest.

The 2020 report, produced by Caxtons Chartered Surveyors, Kent County Council and inward investment agency Locate in Kent, highlights increased demand for the county’s relative affordability for office, commercial and housing property in the South East as companies re-evaluate their requirements, and workers are keen to move out of the city to combine work and home life.

Businesses come to Folkestone, Hythe and Romney Marsh to start up and grow in a supportive, collaborative business community. In a world changed by the COVID-19 pandemic the appeal of living and working here is growing daily.

The past year has seen Folkestone announced as the world’s first Music Town whilst games maker Winning Moves launched a special Folkestone edition of their popular property trading board game.

2021 will see the return of the acclaimed Folkestone Triennial, one of the UK’s most ambitious outdoor art exhibitions. A major new urban sports centre called F-51, funded by local philanthropist Sir Roger De Haan and designed by Hollaway studio, is scheduled to open in the town centre along with workspaces providing exciting additions to this extraordinary location.

Kent’s retail market has mirrored the national situation, with many chains either undertaking store rationalisation or seeking to negotiate a rent reduction via CVA negotiations with landlords. The former sites of national retailers such as Debenhams have changed hands. Its former site in Folkestone was purchased by Folkestone & Hythe District Council for £2.05m.

KCC’s Roger Gough stated at the launch: “Otterpool Park plays a major part of the infrastructure proposition in Kent.”

For more information and to download a copy of the 2020 Kent Property Market Report, click here