Halifax research reveals that average house prices in British seaside towns have increased by 21% in the past decade
Halifax research reveals that average house prices in British seaside towns have increased by 21% in the past decade – over £4,000 a year
Sandbanks in Poole is Britain’s most expensive seaside town for the third year running, according to Halifax’s latest research.
The second and third spots remain unchanged on last year with average prices in Salcombe of £577,591 followed by Aldeburgh in Suffolk (£535,872).
Russell Galley, Halifax Managing Director, said: “It’s no surprise that the South coast continues to be home to the most expensive seaside towns in the country, including those with the greatest growth in house prices over the last 10 years.
“What we can see though is that the two most desirable locations have in fact seen prices drop over the last year. This fall is likely to have been impacted by the higher costs of stamp duty for these more expensive homes.
“Having a postcard view can be a dream that comes with a hefty price tag attached, but while more sun is undoubtedly appealing, it doesn’t appear to guarantee happy homeowners. Seaside house hunters may be more tempted by Newbiggin by the Sea in Northumberland, where average prices stand below £95,000 and offer a higher happiness rating than nine out of 10 of the most expensive towns.”
Read the latest Halifax research report published 23rd June 2018 in full click here.
You May Also Enjoy
Five-year slump in construction activity is a wakeup call
1 in 5 Brits Surveyed Have No Savings
How Next-Gen Technologies Can Elevate Your Business Operations
With new legislation being introduced, should you use an agent or continue with DIY lets?
The small print trap that every homebuyer should know before moving in
