Seaside house prices increase by a quarter in past decade

Ryan Bembridge

May 30, 2017

House prices in seaside towns have increased by a quarter over the past decade, Halifax’s Seaside Town Review has revealed.

During the last 10 years, the average house price in Britain’s seaside towns rose by 25% to £226,916 in 2017, equivalent to an average increase of £382 per month.

Martin Ellis, housing economist at Halifax, said: “Seaside towns are extremely popular places to live, offering sought-after views and desirable weather.

Almost 30 UK towns and cities suffer lost decade of growth since financial crisis

“Over the past decade, house prices in the South East, especially coastal towns within a commutable distance to London, have shown strong growth and have become Britain’s most expensive seaside towns.

“However, the strongest performing coastal towns in terms of growth have been in north of the border in Scotland on the Aberdeenshire coastline.”

None of the 10 most expensive seaside towns were found on the southern coast of England with Sandbanks in Poole, Devon (pictured) top of the list, closely followed by Salcombe in South Devon, and Aldeburgh in East Anglia (£526,689).

The Scottish towns of North Berwick and St Andrews also listed as the most expensive seaside areas, where the average properties cost £314,435 and £300,319 respectively.

Port Bannatyne on the Isle of Bute is the least expensive seaside town in the survey with the average house price being £71,550.

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