The latest research has found that, on average, British seaside towns have enjoyed a 32% house price rise over the past decade, rising from from £166,565 in 2006 to £219,386 in 2016 – equivalent to an average increase of £440 per month.
According to the report, 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.
Brighton recorded the greatest increase in value outside of Scotland (59%), jumping from £214,863 to £341,235 over the decade. Other seaside towns in England with the best price performance include Whitstable in Kent (53%), Shoreham on Sea in West Sussex (53%), Leigh on Sea in Essex (52%) and Truro in Cornwall (50%).
Seaside towns are highly popular places to live, offering sought-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.
This is a perfect reason why you should have a property in Brighton because you will never loose money on them because there’s so many benefits to live in a seaside town that there will always be a market.