Why is property in margate so cheap to buy?

downshifted

Newsnight last night was optimistic about regeneration in Margate alongside the Turner are gallery. Fingers crossed!

downshifted

We moved to Broadstairs a couple of weeks ago and on Saturday we spent the afternoon in Margate. The main shopping street is unpleasant - people drinking outside the pubs, lots of charity/pound shops, very run down feeling

However, the old town was very interesting - lots of galleries and interesting shops, some nice places to eat, it felt as though it was up and coming. The harbour area around the new Tate (opens next year) was also very busy and lively....I was pleasantly surprised. It will take some time but it might do ok :-)

CarineG

We should all buy cheap property in Margate and boost the area that way

fc123

CarineG wrote: »

We should all buy cheap property in Margate and boost the area that way

It's in my Life Plan no 48 sub section (iii).

CarineG

fc123 wrote: »

It's in my Life Plan no 48 sub section (iii).

I think you have got your priorities in the wrong order ha ha

puddy

downshifted wrote: »

We moved to Broadstairs a couple of weeks ago and on Saturday we spent the afternoon in Margate. The main shopping street is unpleasant - people drinking outside the pubs, lots of charity/pound shops, very run down feeling

However, the old town was very interesting - lots of galleries and interesting shops, some nice places to eat, it felt as though it was up and coming. The harbour area around the new Tate (opens next year) was also very busy and lively....I was pleasantly surprised. It will take some time but it might do ok :-)

well done, we moved nearly a year ago. we hardly ever go to margate but we did the other day to see tracey emin unviel her new piece of art next to the turner, it was freezing. she said 'margate looks f*cking brilliant from here' and it did, the sun was setting and the tide was out

but over the weekend, i was thinking once again, how lucky we are to have moved here, the fields, beaches, nature, sun sets etc. we walk the dog each night up on botany bay and you see the sun sets from there. we're both from london so were not used to seeing sky and open views, its been a real revelation for us

theGrinch

prices starts to drag after bing bong brothers closed

Jowo_2

I think the main reason why Brighton boomed (and Folkestone, too) while Margate failed is that Brighton attracted the affluent who can commute into London to their jobs - there are trains every 15 minutes that take around 50 minutes to get into London.

Brighton also has two Universities there, too, and lots of students stay on after they graduate, plus lots of language schools and a school of art.

Margate has trains every 30 minutes that take around 1 hour 30 to 1 hour 50. There's not much work available locally. It's out on a limb transport wise. It's lacking an academic infrastructure.

Margate can only really be regenerated if the public transport links to London are radically improved or if it improves its art and academic infrastructure.

If its serious about regeneration,they need more festivals, an arts school and so forth to help pick it up.