11 Jul

UK's most affordable seaside locations revealed

UK's most affordable seaside locations revealed

New statistics have revealed which are the cheapest seaside towns in which to live in the UK.

Released by Halifax, the figures show Whitehaven in Cumbria to be the most affordable beach-side locations when looking at the average house price to earnings ratio.

Withernsea on the coast of the East Riding of Yorkshire and Maryport in Cumbria were next on the list of affordable locations with a sea breeze.

In all three cases, the house price to earning ratio is below 4.0 - the national long-term historical average.

Sandbanks in Dorest was found to be the most expensive seaside town in which to live, with a house price to earnings ratio of 21.7.

Nitesh Patel, housing economist at Halifax, said: "Since 2007, housing affordability has improved in most seaside towns due to lower house prices and higher gross earnings."

At the end of last month, Hometrack reported that in the last six months, the volume of buyers in the UK has increased by 36 per cent.
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