Welcome to my latest update on the property market in Folkestone! 

Did you know that sales prices in Folkestone have increased by 8.68% over the past 5 years, making it a promising location for property investment? Moreover, in the last 12 months, prices have decreased by 11.51%, presenting a unique opportunity for potential investors. The average property price in Folkestone stands at £254,886.

With 544 streets and 20,900 households, the demand for rental properties in Folkestone is soaring, surpassing the current supply. This surge in demand can be attributed to Folkestone being named the best place to live in South East England. As a result, the gross rental yield has increased by an impressive 18.16% in comparison to five years ago, with the average monthly rent rising by 19.8% in the last 12 months.

Stay tuned for more insights and updates on the dynamic property landscape in Folkestone!