Properties located directly on the seafront attract a price premium of 33%, according to new research.
A study of 30 prime seaside locations, carried out by Jackson-Stops, found that all seafront homes were more expensive than comparable properties in the wider area by an average of 33%.
It’s well documented that that living by the sea in the UK comes at a cost with the latest research showing prime properties on the coast can cost as much as 71% more.
House prices have increased by 32% across British seaside towns over the past decade, amounting to £440 per month, according to the latest research.
The annual Halifax Seaside Town Review revealed average house prices have grown from £166,565 in 2006 to £219,386 in 2016, equivalent to an average increase of £440 per month.
Scottish seaside towns dominate the list of areas with the greatest price growth, with seven of the top 10 located in Aberdeenshire, which for much of the period has been well served by growth in the oil and gas sector.
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