Posts with tag: seaside towns

Could rent controls kick-start a seaside town property revival?

Published On: May 3, 2017 at 9:57 am


Categories: Property News

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A new report has suggested that the Conservative Party should build their election manifesto around rent controls, in order to kick-start a seaside town renaissance.

The Housing and Finance Institute believe that dysfunctional housing markets are driving decline in many coastal communities.


The report suggests that a ‘toxic trio’ of substandard housing, high volume of renters and a lack of new jobs are leaving tenants and taxpayers overpaying for properties that are not worth the rent.

As such, the Housing and Finance Institute wants to see the introduction of new time-limited and more localised rent controls in the more less-off coastal communities.

It has called for a locally assessed ‘fair value rent regime’ that would reflect a property’s location and overall quality. The Institute is additionally calling for more support from central Government for councils with communities feeling the effects of failed housebuilding markets.

Could rent controls kick-start a seaside town property revival?

Could rent controls kick-start a seaside town property revival?


In addition, it wants to see more financial and skillset support from central Government for deprived locations-where housebuilders, developers and investors do not want to purchase.

Natalie Elphicke, chief executive of The Housing & Finance Institute, noted: ‘There is a toxic trio of abnormally high proportions of rented housing, for that rented housing to be of poor quality, and a lack of job creation. Dysfunctional housing markets are proving fundamental to the spiral of decline in many of Britain’s coastal communities – and something radical must be done to turn the tide.’[1]

‘The proposals in this paper can help to break up the concentration of housing poverty and attract new high quality building and investment. Housing can be pivotal to securing jobs, growth and reversing entrenched deprivation. In particular, a new fair rents regime would significantly speed up the renewal of the most deprived areas, drive a fairer deal for tenants and taxpayers – and kick-start much needed regeneration,’ she added.[1]



Which seaside towns have seen the largest house price increases in the last year?

Published On: August 4, 2016 at 11:37 am


Categories: Property News

Tags: ,,,

A new survey by Zoopla has revealed the most expensive seaside towns to purchase property in the UK.

Margate came top of the pier, with recent regeneration and new tourist attractions driving house prices in the town to an average of £202,276. This represented a rise of 12.5% in the last year.

Seaside surges

Other locations where investors could soon be building sandcastles are Grange-over-Sands in Cumbria and Walton on the Naze, Essex. Property values in these regions increased by 10.58% and 10.04% year-on-year respectively.

The top-ten seaside property towns by average house price increases during the last year were:

Seaside location Change in value since July 2015
Margate, Kent 12.54%
Grange-over-Sands, Cumbria 10.58%
Walton on the Naze, Essex 10.04%
Felixstowe, Suffolk 9.59%
Porthcawl, Wales 7.61%
Llandudno, Wales 7.56%
Ramsgate, Kent 7.17%
Hastings, Sussex 6.95%
Hayling Island, Hampshire 6.83%
Southend-On-Sea, Essex 6.81%


Out with the tide

At the other end of the promenade, the South West coastline houses many weakest performing seaside locations in terms of growth in the past twelve months.

However, Cleethorpes in Lincolnshire topped the list of worst performers, with property values sliding by 5.47% in the period. Cruden Bay and Collieston, both in Aberdeen, both saw slides of 4.63%.

The bottom ten seaside towns in terms of property changes were found to be:

Seaside location Change in value since July 2015
Cleethorpes, Lincolnshire -5.47%
Cruden Bay, Aberdeen -4.63%
Collieston, Aberdeen -4.63%
Saltburn-by-the-sea, North Yorkshire -4.33%
Aberystwyth, Wales -3.48%
Rhyl, Wales -3.37%
Iilfracombe- Devon -2.21%
Woolacombe, Devon -2.21%
Looe, Cornwall -2.19%
Perranporth, Cornwall -1.98%
Which seaside towns have seen the largest house price increases in the last year?

Which seaside towns have seen the largest house price increases in the last year?


The most expensive property values for British seaside locations in July 2016 was found to be Salcombe in Devon. Investors won’t be left with much money for the slot machines, as values of houses here average at £598,230. Other expensive coastal locations include Aldeburgh, Suffolk (£490,182) and Southwold, Suffolk (£434,618).

Average property values were highest in these ten seaside locations:

Seaside location July 2016 property value
Salcombe, Devon £598,230
Aldeburgh, Suffolk £490,182
Southwold, Suffolk £434,618
Lyme Regis, Dorset £402,634
Brighton, Sussex £368,782
North Berwick, Scotland £364,306
Port Isaac, Cornwall £356,962
Sidmouth, Devon £352,896
Woolacombe, Devon £347,507
Swanage, Dorset £330,901

On the other hand, cheaper seaside towns can be located in Scotland and Wales. Saltcoasts in Scotland has the lowest average property values of just £109,109.

The cheapest seaside towns were discovered to be:

Seaside location July 2016 property value
Saltcoats, Scotland £109,109
Blackpool, Lancashire £114,443
Blyth, Northumberland £120,775
Cleethorpes, Lincolnshire £126,331
Kilchattan Bay, Scotland £130, 846
Rhyl, Wales £134,577
Morecambe, Lancashire £136,063
Girvan, Scotland £138,094
Saltburn-by-the-sea, Yorkshire £140,396
Fairbourne, Wales £141,576


Lawrence Hall, spokesman for Zoopla, noted, ‘the big increase in the value of an average home in Margate follows large amounts of regeneration funding that the town has received in the past decade-with attractions such as the Turner Contemporary gallery and the Dreamland theme park.’[1]

‘If you’re considering investing in a beach front property, you should consider those resorts receiving Government investment-it does have a positive impact on property values,’ he added.[1]


Seaside property prices soar in last decade

Published On: May 31, 2016 at 9:41 am


Categories: Property News

Tags: ,,,,

New research from the Halifax has discovered that British seaside property prices have enjoyed substantial rises during the last decade.

Data from the report shows that prices of towns on the coast have seen a 32% rise during the past ten years. Values have increased from £166,565 in 2006 to £219,386 in 2016. This equates to an average rise of £440 per month.

Seaside property prices soar in Scotland

The analysis indicates that Scottish seaside towns have seen the greatest price growth. Seven of the top ten locations were found to be in Aberdeenshire, with profitable growth in the oil and gas sectors bearing fruit.

Fraserburgh saw the most substantial house price growth, with rises of 139% in the last decade. Prices in the region have grown from £63,540 in 2006 to £151,719 in 2016, equivalent to a monthly rise of £735.

The top five house value increases in Scotland were located in:

  • Fraserburgh-139%
  • Macduff-102%
  • Peterhead-95%
  • Cove Boy-94%
  • Newtonhill-91% 

English increases 

Outside of Scotland, Brighton recorded the largest increase in property price growth in the last decade, with 59%. Prices here have risen from £214,863 to £341,235 over the decade.

The top five house price increases in England were found to be in:

  • Brighton-59%
  • Whitstable-53%
  • Shoreham on Sea-53%
  • Leigh on Sea-52%
  • Truro-50% 
Seaside property prices soar in last decade

Seaside property prices soar in last decade

Expensive England  

Despite the substantial growth seen in property prices in Scotland during the past decade, nine of the most expensive seaside locations in Britain are located in England. Of these, eight are located in the South West. Sandbanks in Poole tops the list, where average house prices stand at £664,655.

The top five most expensive seaside towns were located in:

  • Sandbanks-£664,655
  • Padstow-£443,396
  • Aldeburgh-£439,379
  • Lymington-£426,112
  • Dartmouth-£401,361

Seaside soars

Martin Ellis, housing economist at the Halifax, said, ‘seaside towns are highly popular places to live, offering sough-after scenery, weather and lifestyle which no doubt come at a price. They also attract those looking for holiday properties, which add upward pressure on house prices, which our research shows have increased by an average of £440 per month since 2006.’[1]

‘Over the 10-year period, coastal towns north of the border have been the strongest performing in terms of house price rises, but locations in the South West remain the most expensive. So if you’re looking for a bargain, it’s still easier to find the further North you go, where average price in several areas is still below £100,000,’ he added.[1]






UK’s ‘most affordable’ coastal regions growing

Published On: June 4, 2015 at 3:55 pm


Categories: Landlord News

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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

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]


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]






Most expensive seaside towns revealed

Published On: May 26, 2015 at 11:38 am


Categories: Property News

Tags: ,,

A new investigation from the Halifax has looked into property prices in 196 seaside regions of the UK.

Results from the survey show that average property values within seaside towns have risen by almost a third during the last decade, rising from 159,522 to £208,729.[1]

Regional divide

The report has suggested that Salcombe in Devon boasts the highest property prices, averaging £672,874. Home to a number of celebrities, including Sir Michael Parkinson, the average house price within the town has risen by 9% from £615,344 during the last year.[2]

Sandbanks in Dorset came in second on the list, with properties here averaging £614,726. In fact, South West regions made up seven of the top-ten most expensive towns, with all ten based in the South of England.

The full top-ten list was as follows:

Seaside Town Region Average House Price 2015
Salcombe South West £672,874
Sandsbank South West £614,726
Aldeburgh East Anglia £413,393
Lymington South East £404,781
Dartmouth South West £403,767
Padstow South West £387,109
Lyme Regis South West £343,604
Budleigh Salterton South West £342,442
Bigbury on Sea South West £333,626
East Wittering South East £330,146
All seaside towns in Britain average   £208,729


Biggest rises

House prices continued to rise across a number of seaside resorts over the last twelve months. The highest growth was recorded in Newtonhill in Aberdeenshire and Shoreham on Sea, both recording rises of 20%, four times greater than the overall average.

Sandwich in Kent (18%) Watchet in Somerset (18%), Seaton in Devon (17%) and Dalgety Bay in Fife (16%) also recorded high average price growth.[4]

Most expensive seaside towns revealed

Most expensive seaside towns revealed

Scottish Soar

The research also indicated that the greatest seaside price rises over the last decade were north of the border. Fraserburgh in Aberdeen has seen an incredible increase of £109% since 2005, with average prices rising from £63,540 to £132,920.[5]

Lerwich in the Shetland Islands also recorded an incredible growth, of 102% over the last ten years. However, despite this considerable rise, Scottish towns make up eight of the top-ten least expensive seaside regions in the UK.[6]

Craig McKinlay of the Halifax, noted that, ‘seaside towns have a distinct attraction, offering that all important sea view. There is a romance associated with living by the seas and this is evident in the high house prices.’[7]