Press Room
House Prices In Seaside Towns Double In Decade
House prices have more than doubled over the past ten years in the majority of seaside towns, according to the latest research from Halifax.
Seaside homes are amongst the most valuable of hot properties – good news for those who are thinking of investing in that dream coastal retreat or moving to find a sea view.
Buying in a seaside location has proven to be a worthwhile investment – average house prices rose by 128% in these areas over the last decade. In addition, 7 out of 10 seaside towns exceed the average rise of 118% seen in the whole of England and Wales.
The largest increase is in the Cornish town of Wadebridge, where the average price has jumped by almost 270% from just over £100,000 in 2001, to £370,902 in 2011. Many of the other biggest price increases have been in coastal towns in northern England and Wales.
So with summer approaching, start searching for your dream seaside home today.
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Notes for Editors:
Article date: 6/7/2011 12:00:00 AM