Friday, September 02, 2005

Property investment by the seaside

01 September 2005

Seaside properties are rocketing in price. A research report by Halifax Estate Agents said seaside properties across the country were continuing to sell for much more than their inland counterparts, with prices in Falmouth rising 125.5 per cent more than the national average over the last ten years.

Picturesque scenery and the classic Cornish feel of Mevagissey saw the village attracting the fifth largest rises in the country, with the average house price shooting from £47,890 in 1995 to the current level of £174,990 - an increase of more than 265 per cent.

Colin Kemp, managing director of Halifax Estate Agents, said: 'What is clear from this research is that homebuyers are still prepared to pay more to enjoy living by the sea.'

Have you thought of looking for the next second home hotspot?

Chris

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