New residents are settling into a city's popular new development. 

The majority of homes in Edward Street Quarter, a new development in Brighton have been bought by local owner occupiers.

More than 70 per cent of the homes sold at Edward Street Quarter in Brighton have been bought by owner occupiers, with only a handful from London and abroad.

People began moving into the £140m development in October last year.

“We often hear local residents in Brighton saying that they think homes in high quality new build property developments will be snapped up by overseas investors, second homeowners and people who have moved down from London, forcing local residents to look elsewhere,” said James Epps, director at Oakley Property.

“We’re happy to report that isn’t the case at Edward Street Quarter, where the majority of properties have been sold to local people who are owner occupiers, which will create a sense of community.”

The development, which includes 168 one, two and three-bedroom apartments, replaced the former Amex House building.

Tom Bryant, director of residential development sales at Savills, one of the estate agencies working on the development, said: “EPC ratings are increasingly important to buyers in light of the cost-of-living crisis.

“Our research estimates new build homeowners could save an average of more than 50 per cent on core energy bills, across all new build stock.

“There remains demand for good quality new build housing in the city and we expect the demand to continue to pick up as we move through 2023. 

“As new build supply in Brighton will remain constrained, if people are in a position to purchase now, there is some good stock which is available to consider.”

Edward Street Quarter is made up of a mix of private and affordable units, as well as 125,000 sq ft of flexible workspace space and 20,000 sq ft for food and beverage, gyms and retail.

One of the latest residents to move into Edward Street Quarter said: “This place is hotel-worthy and a dream come true. The quality is amazing. There are great finishings and attention to detail to accommodate modern living. It’s warm too and feels healthy.”