14 May

House prices doubling in seaside towns

House prices doubling in seaside towns

People with properties they are looking to sell in seaside towns around England and Wales are now finding some of the most favourable price increases of all areas of property.

According to the latest statistics from the Halifax, homes in seaside towns have increased in value by 97 per cent on average over ten years, while the median level for all UK property is around 95 per cent.

However, Seaham in County Durham has outperformed all other areas of the country, with price increases hitting 183 per cent since February 2002.

Martin Ellis, housing economist at Halifax, commented: "Seaside towns are still very popular places to live. They offer a unique lifestyle that for many can't be matched elsewhere."

It was recently reported by the Rural Housing Association that homes in more countryside-oriented areas are hitting high prices because of the fact that they are more desirable for those seeking out a quieter life.ADNFCR-1222-ID-801362817-ADNFCR

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