UK’s ‘most affordable’ coastal regions growing

An interesting report has indicated that the next-batch of desirable seaside towns are experiencing house-price rises to rival their more well-known neighbours.

Analysis from the property group Savills gives results on the study of south coast towns in England, with an average sale price of less than £250,000 in 2014. The group then took those that have experienced the biggest rise in the last ten years as an indicator of the biggest growing affordable regions.

The coastal town of Portslade, which is located in between Brighton and Shoreham-on-Sea, was named as the most affordable seaside spot for in-the-know buyers, with a substantial property price growth of 44.2% in the last decade.[1]

Next in line

With desirable spots such as Salcombe becoming more and more unaffordable-house prices here average out at £658,330-Savills indicate that Kent is the next in line for affordable seaside living. Deal and Ramsgate are leading the crest of the wave of British coastal retreats.[2]

UK’s ‘most affordable’ coastal regions growing

Senior analyst at Savill’s, Sophie Chick, believes that the seaside towns can be invigorated by groups of people with similar interests moving into these areas. ‘Many of the beautiful towns such as Salcombe have now become unaffordable for many but Kent offers good value and house price rises show the area is in the first phase of taking off,’ she added.[3]

Top-tens

The top-ten seaside towns with the largest house price growths over the last five years were:

• Portslade
• Southend-On-Sea
• Cowes
• Deal
• Millbrook
• Hastings
• Ramsgate
• Havant
• Peaceheaven
• Exmouth [4]

Britain’s top-ten most expensive seaside towns were revealed to be:

• Salcombe
• Bosham
• Topsham
• Aldeburgh
• Dartmouth
• Lymington
• Newton Ferrers
• Wells-Next-The-Sea
• Padstow
• Hove[5]

[1] http://www.telegraph.co.uk/finance/property/11641248/Britains-most-affordable-seaside-towns-caught-in-a-wave-of-house-price-rises.html