SEASIDE towns in the two southern corners of Britain also occupy the extreme ends of the property spectrum, from the crumbling resorts of Kent to the smart marinas of Cornwall.

House prices in coastal towns often do not reflect those inland. According to the Halifax, the average property price last month in 24 seaside towns was at least 20 per cent higher than the county average. The South West accounts for nine of the ten most expensive seaside towns in the UK. Sandbanks, near Poole, where the average house costs £488,761, is 106 per cent more expensive than the Dorset average. In Wales, the most expensive coastal resort is Mumbles, where property prices are at a 92 per cent premium to the area. In Scotland, St Andrews has an average price of £223,894, 86 per cent higher than the rest of Fife.

“Property in seaside resorts is hugely popular and prices are rocketing,” says Warren Bright of propertyfinder.com. “As summer approaches the number of people searching our site for seaside properties soars. For many, seaside towns provide the perfect city escape.”

Bargain-hunters should look to the South East, where prices in seven coastal towns are at least 20 per cent lower than the county average. In Margate, the average property, at £155,084, represents a 30 per cent discount on Kent prices, and in Dover houses are 29 per cent cheaper than elsewhere in the county.

Background

• The cost of a sea view

• Bargains on the coast

• FOCUS ON . . . TRURO

• Do floods scupper sales?

• Once more unto the beach

Seaside house prices soar

City-dwellers driving up property prices by the sea

• The boom town rocks

Background

• From winos to wine bars

Background

• Ramsgate rules

• Shoreham gets trendy

• The coast’s next wave

• House Hunter: Sideways to Brighton

• A change in the tide

Related Links

• Bargains on the coast

LUCY ALEXANDER

More details: www.hbosplc.com/economy/ResearchReleases.asp

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