By Becky Barrow, Business Correspondent If you dream of living beside the seaside, you’d better move fast because house prices are soaring. The average price of a home in a seaside town has been rising by nearly £500 a month for the last decade. Some of the most popular resorts have seen house prices double in that time. On average, a home by the sea now costs nearly £200,000, according to Halifax. In places such as exclusive Sandbanks in Dorset and Salcombe in Devon, the average is around £600,000. Craig McKinlay, mortgage director at Halifax, said: ‘Seaside towns provide a unique lifestyle opportunity and remain popular places for people to live. They also attract people looking for second homes or holiday properties which can place additional upward pressure on house prices.’
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Average price of home by sea has been rising by nearly £500 per month
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On average, buying house in seaside resort now costs almost £200,000
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Meanwhile, in places like Salcombe, Devon, average is around £600,000
@placeholder, where the average home costs £615,344, is the most expensive place to live beside the seaside.