Why it pays to buy be­side the sea­side

Yorkshire Post - Property - - PROPERTY -

PRICES have more than dou­bled in the ma­jor­ity of sea­side towns in the last decade.

Ac­cord­ing to the Hal­i­fax, av­er­age house prices rose by 128 per cent and growth in seven out of ten sea­side towns ex­ceeds the av­er­age rise of 118 per cent seen in the rest of Eng­land and Wales. The largest in­crease is in the Corn­wall town of Wade­bridge where the av­er­age price jumped by al­most 270 per cent from just over £100,000 in 2001 to £370,902 in 2011. Whitby tops the York­shire coast league with a 153 per cent rise in the last ten years and it is fourth in a list of the most ex­pen­sive sea­side towns out­side south­ern Eng­land with an av­er­age house price of £216,000. The least ex­pen­sive town in the sur­vey is With­ernsea with an av­er­age house price of £99,153.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.