Property prices boom in Britain’s seaside towns

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Property prices boom in Britain’s seaside towns

Found in: Mortgages February 13th, 2007

Maryport has recorded the strongest growth in property prices over the past five years, according to the annual seaside town review published by the Halifax.

In fact, the study reveals that nine out of the ten most expensive seaside towns are located on the west coast, including four in Cornwall, three in Dorset and two in Devon.

House prices are currently most expensive in Sandbanks, Dorset, where average prices stand at £508,337.

In contrast, average property prices in Lymington in Hampshire, the most expensive non-west coast seaside town, stand at £314,378.

Seaham in County Durham enjoyed the strongest house price growth over the past five years, with the average property prices rising 181% in value to £115,643.

The Welsh seaside town of Pwllheli, where average property prices rose by 176% to £193,379, led the way in Wales.

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