Sea­side home prices see big­ger in­crease

The Peterborough Evening Telegraph - - Uk&world Update -

HOUSE prices in sea­side towns have risen at a higher rate over the last decade than prices across the coun­try gen­er­ally, a study has found. Av­er­age prices in these towns have soared by 97 per cent over the past 10 years, a big­ger rise than the typ­i­cal 95 per cent in­crease seen across Eng­land and Wales, Hal­i­fax said. Since 2002, prices have more than dou­bled in around half of sea­side towns in Eng­land and Wales, ac­cord­ing to the find­ings. Seaham, in County Durham, with its dra­matic clifftop coast­line, saw the big­gest jump, with a 183 per cent in­crease tak­ing typ­i­cal house prices to nearly £109,000 by 2012.

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