South Coast Property Hotspots You Should Be Looking Out For
While an English summer can bring with it endless hours of rain rather than sun, the south coast boasts the mildest weather all year round and the warmest, driest and sunniest weather across the summer months.
It also has over 300 miles of coastline, two National Parks and four World Heritage Sites.
So, you probably won’t be surprised to hear that the south coast is home to several property hotspots. Here are a few you should be looking out for:
Sandbanks, Dorset
Sandbanks, in Dorset, has been named as the UK’s most expensive seaside town, according to Halifax’s annual Seaside Town Review. The average price of a home here is around £665,000. The rising house prices in this area are put down to the number of second-home buyers.
This peninsula of half a square mile of golden sand is home to 15 properties worth a combined asking price of £80 million. It isn’t only the most expensive seaside town in England, it has been described as the fourth most expensive area in the world to live in and is often known as the “millionaire’s playground.”
Salcombe, Devon
Salcombe, where the average home is worth £539,950, came in second place, after Sandbanks, for Britain’s most expensive seaside town.
Buyers can expect to pay 128% more for a property in this seaside town compared to further inland in Devon.
It hosts an annual sailing regatta during the summer, which attracts a fashionable and wealthy crowd.
Bournemouth, Dorset
Bournemouth saw the sharpest increase in house prices in all areas of England and Wales in January 2016 due to the rise in popularity among homebuyers. The average house price went up 2.9% over the month to £261,232 – faster than anywhere else.
This is partly due to Bournemouth being named as the fastest-growing digital economy in the UK, with the seaside town seeing an increase of 212% in new digital companies between 2010 and 2013, employing 7,000 people.
Although this may seem high, when across England and Wales the average price only rose by 0.2% in January, house prices still tend to be higher than the Dorset town, at £290,642.
What are you waiting for? Get your home and or company belongings into storage in Bournemouth and start the next chapter of your life in this new digital capital!
Hove, Sussex
Research has found that the East Sussex coastline holds the biggest allure for aspiring young professionals to buy property.
The seaside town of Hove is the leading property hotspot for many 25 to 44 year old to buy homes, while neighbouring Brighton is the fifth most popular in the country for young professionals.
The research by Lloyds Bank, suggests the attraction to Hove is, of course, its location next to the sea, with some incredible beach front properties and the average property prices being 38% or £199,000 lower than London, yet still in commuting distance.
If you are a young professional, then the property hotspot of Hove could be the place for you!
It isn’t difficult to see why these areas in the south coast of England become property hotspots – who wouldn’t want views of the beach from their home or office?
