Britons do like to be beside the seaside
Estate Agents - 30/08/2006 11:08:21
Estate agents in seaside towns on the west coast have been profiting from stronger house price growth over the past five years than on the east coast, according to new research.
A study by Halifax Estate Agents reveals that 14 of the top 20 seaside towns which saw the highest price rises were on the west coast compared to six on the east coast.
Wales leads the way, housing nine out of the top 20 seaside towns.
Managing director of Halifax Estate Agents Colin Kemp said: "Seaside towns on the west coast have generally seen the largest house price increases over the past five years. Welsh seaside towns have recorded the strongest gains.
"Overall, coastal towns still offer value for home buyers. The majority of the towns we surveyed still have a lower house price than the average in their region."
The best performer over the past year was Porthcawl in Wales, which had an average price rise of 27 per cent, followed by Robin Hood's Bay at 22 per cent in Yorkshire.
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