28 May

Seaside town house prices rise 63% in decade

Seaside town house prices rise 63% in decade

In the last ten years the average price of a home in seaside towns has increased by 63 per cent, reaching £197,938, according to the latest figures from Halifax.

Despite the rise since 2003, a life beside the sea is 17 per cent more affordable when compared to the average house prices across England and Wales currently, which stands as £238,091.

All of the top ten most expensive seaside towns to live are based on the south coast, with Salcombe in Devon topping the table, with an average property price of £570,378, just ahead of Sandbanks in Dorset, where the average house price is £552,242.

Martin Ellis, housing economist at Halifax, comments: "Seaside towns are highly popular places to live. They offer a unique lifestyle with a typically high quality of life and a healthy environment and as a result, living by the coast can come at a price."

Although, it may not cost an arm and a leg to live by the seaside, as three towns have an average price below the £100,000 mark, with Newbiggin-by-the-sea, Withernsea and Fleetwood all failing to reach six figures.ADNFCR-1222-ID-801590536-ADNFCR

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