The Halifax Seaside City Assessment, which tracks home value actions in 191 seaside cities, has unveiled the UK’s costliest seaside city. Based mostly on home value information from the Land Registry and Registers of Scotland, Sandbanks in Dorset has been named as the most costly city.
With the common home value standing at £929,127, potential homebuyers can count on to pay 10 p.c greater than costs in 2020.
Sandbanks is recognised as some of the unique areas within the UK, with its attractive seashore offering a super location for a seaside break.
Harry Redknapp and spouse Sandra lived in Sandbanks for a number of years earlier than relocating to Branksome Park.
The assessment additionally named Salcombe in Devon because the UK’s second costliest seaside location, with a mean home value costing £912,599.
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It has turn into a well-liked vacationer vacation spot over time, with Salcombe only a quick drive away.
Prime 10 costliest seaside cities:
8. Lyme Regis
9. East Wittering
Potential homebuyers can count on to pay a mean value of £464,858 for a property within the space.
Final yr’s seaside city, Millport in Scotland, noticed the best annual improve, up 53 p.c.
Additionally in Scotland, Port Bannatyne noticed the best value rise over the past 5 years.
Home costs have risen within the space by 56 p.c to £111,717.
Margate in Kent has additionally seen an enormous rise in home costs with them up 98 p.c within the final 10 years to £282,734.
Russell Galley, Managing Director, Halifax, mentioned: “Our ongoing love affair with residing by the ocean exhibits few indicators of abating.
“Properties on the coast have lengthy attracted a premium value, and this was no totally different in 2021, with the transfer in direction of working from dwelling being an ongoing affect in the place folks select to dwell.
“The common seaside dwelling value is £287,087, up eight p.c on the earlier yr.
“Whether or not it’s a way of life sought, the surroundings or the ocean air, in terms of shopping for houses, we actually do like to be beside the seaside.
“The most important beneficiary of that need final yr was Millport on the Scottish Island of Nice Cumbrae, and over the past 5 years it was Port Bannatyne on the Isle of Bute.
“The seaside city that draws the very best costs total are dominated by areas throughout the south coast, with Sandbanks in Dorset taking the title of the most costly seaside city from final yr’s winner, Salcombe in Devon.
“Each cities have common home costs of over £900,000.”
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