Seaside house prices rocket

Halifax carried out the study Credit: Halifax

House prices in seaside towns have risen at a higher rate over the lastdecade than prices across the country generally, a study by the Halifax has found.

Cleethorpes in Lincolnshire makes a list of the top ten places whichhave seen the biggest house price increases in percentage terms in the decade.

Average prices in these towns have soared by 97% over the past 10years, a bigger rise than the typical 95% increase seen across England andWales,

Economy expert Martin Ellis "Seaside living often comes with aprice. The majority of seaside towns in Wales, East Anglia and the South Westhave an average house price that is higher than the surrounding area.”

Halifax used Land Registry figures to compile the study. The seasidetowns which have seen the biggest house price increases in percentage terms are:

  • Seaham, North, £108,742 - increase of 183%

  • Wadebridge, South West, £348,986 - increase of173%

  • Padstow, South West, £382,806 - increase of 171%

  • Porthmadog, Wales, £175,453 - increase of 166%

  • Perranporth, South West, £264,441 - increase of157%

  • Pwllheli, Wales, £203,381 - increase of 154%

  • Robin Hood's Bay, Yorkshire,£211,484 - increase of 151%

  • Whitehaven, North, £127,662 - increase of 148%

  • Cardigan, Wales, £175,058 - increase of 148%

  • Cleethorpes, Yorkshire and the Humber, £119,460 - increase of 141%