Housing Specification Blog

Brits really do like to be beside the seaside

July 30, 2012 Alexandra Blakeman Housing Issues

Sea air, fish and chips and the sound of the seagulls – Brits are upping sticks and heading for the coast, where property prices are on the increase.

Cornish coastal home. Click on image for original source.

Despite today’s announcement that UK property prices have fallen for the first time in seven months, coastal homes are still experiencing a surge in price and popularity.

Nationwide, today’s report shows that property prices have fallen by 0.1pc in July. Buying and selling has significantly slowed in London and surrounding areas in the south east. Property analyst Hometrack attribute the price fall to a decrease in potential buyers and an increase in homes on the market.

Coastal properties prove popular because seaside living offers a lifestyle like no other. Fresh air, panoramic views, and bracing seaside walks; Brits are shunning the urban crowds for a more peaceful existence.

Southern seaside towns are the most pricey, with Salcombe in Devon proving the most expensive property wise. Cheaper homes can be found near Britain’s northern beaches. Newbiggin-by-the-sea and Withernsea in Yorkshire are amongst the cheapest coastal areas in the country.

A study published by the property website Globrix says that Cornish hotspots – Wadebridge and Padstow, have experienced the biggest rise in popularity over the last few years.

Price hikes have been driven by retirees, those that have sold their city home and those investing in holiday homes.

Do you have a desire to be beside the seaside? Perhaps you’re in the process of building your own house on the coast. Please leave your comments below, we really enjoy hearing from you.

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