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Image source, Getty Images
The mean location terms successful Salcombe has jumped by 123% since 2012, according to Halifax
By Brodie Owen & PA Media
BBC News
Britain's astir costly seaside municipality is Salcombe successful Devon - with an mean location terms of much than £1.2m successful 2022, according to Halifax.
Salcombe overtook Sandbanks, successful Dorset, which was the priciest seaside spot successful 2021.
According to the bank's analysis, 7 of the apical 10 astir costly seaside spots were successful Devon and Cornwall.
The slightest costly seaside determination was Greenock, Scotland, wherever the mean location terms is £97,608.
The slope analysed location terms information for 209 coastal locations crossed England, Wales and Scotland successful the 12 months to December 2022.
House hunters
Situated successful an country of outstanding earthy beauty, Salcombe's main attraction is the picturesque estuary that forms the town's extended waterfront, making it a fashionable spot for h2o activities.
It is besides favoured by ramblers who are drawn to the area's steep coastal paths.
According to the Halifax study, the outgo of coastal homes crossed the UK accrued by 56% betwixt 2012 and 2022, from £195,509 to £304,460.
During the aboriginal months of the Covid pandemic, coastal and agrarian locations were peculiarly fashionable arsenic house hunters looked for properties with much space.
Image source, PA Media
Image caption,Padstow was named the priciest seaside spot successful Cornwall
Many of the astir costly seaside locations were recovered on the coastline of confederate England, successful areas fashionable with 2nd homeowners.
Back successful 2012 the mean location terms successful Salcombe, astatine £558,538, was little than fractional the emblematic 2022 value.
Other locations wherever location prices person astatine slightest doubled implicit the past decennary see Margate and Westgate-on-Sea successful Kent.
By the extremity of 2022, a location successful Margate outgo 109% more, connected average, than it did successful 2012, rising from £146,276 to £305,191.
The mean outgo of a spot successful Westgate-on-Sea doubled, from £154,686 to £308,764.
'Broad spectrum'
Kim Kinnaird, mortgages manager astatine Halifax, said owning a location by the oversea was an "aspiration" for many.
"But this comes astatine a terms successful galore locations and Britain's astir costly seaside spot, Salcombe successful Devon, volition acceptable buyers backmost implicit £1.2m connected average," she said.
"When we delve deeper into the outgo of Britain's seaside homes it's wide that determination is simply a wide spectrum successful location prices."
She said 2nd location ownership "undoubtedly" played a relation successful driving up location prices successful desirable locations.
"While location prices successful immoderate determination are driven by factors specified arsenic proviso and request and involvement rates, determination are besides socio-economic factors astatine play," she said.
"Some of these factors are much acute successful Britain's coastal communities and galore British towns astir successful request of concern besides beryllium adjacent the shore."
Halifax utilized Land Registry information covering England and Wales successful summation to figures from the Registers of Scotland for the study.
The 10 astir costly seaside towns successful Britain, according to Halifax analysis
1. Salcombe, Devon, South West - £1,244,025
2. Sandbanks, Dorset, South West - £952,692
3. Aldeburgh, Suffolk, East of England - £794,492
4. Padstow, Cornwall, South West - £790,847
5. Lymington, Hampshire, South East - £663,474
6. Yarmouth, Isle of Wight, South East - £611,816
7. Dartmouth, Devon, South West - £567,985
8. Kingsbridge, Devon, South West - £556,659
9. Wadebridge, Cornwall, South West - £548,669
10. Budleigh Salterton, Devon, South West - £537,681
The 10 slightest costly seaside towns successful Britain, according to Halifax analysis
1. Greenock, Inverclyde, Scotland - £97,608
2. Girvan, Ayrshire, Scotland - £105,410
3. Millport, Ayrshire, Scotland - £111,381
4. Invergordon, Ross and Cromarty, Scotland - £114,962
5. Saltcoats, Ayrshire, Scotland - £116,414
6. Newbiggin-by-the-Sea, Northumberland, North East - £117,663
7. Stranraer, Dumfries and Galloway, Scotland - £117,884
8. Wick, Caithness, Scotland - £124,857
9. Thurso, Caithness, Scotland - £126,716
10. Campbeltown, Argyll and Bute, Scotland - £129,348
The 10 seaside towns with the biggest increases betwixt 2012 and 2022, according to Halifax analysis
1. Salcombe, Devon, South West, £1,244,025 - 123%
2. Margate, Kent, South East, £305,191 -109%
3. Westgate-on-Sea, Kent, South East, £308,764 - 100%
=4. Birchington, Kent, South East, £386,040 - 98%
=4. Aldeburgh, Suffolk, East of England, £794,492 - 98%
=6. Deal, Kent, South East, £391,325 - 97%
=6. Ramsgate, Kent, South East, £307,737 - 97%
=6. Yarmouth, Isle of Wight, South East, £611,816 - 97%
9. Whitstable, Kent, South East, £483,692 - 95%
=10. Padstow, Cornwall, South West, £790,847 - 94%
=10. Burnham-On-Crouch, Essex, East of England, £418,609 - 94%
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