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Margate Tops Study as UKs Best Valued Seaside Town

Margate in Kent has taken the top place in a recent study of property price increases in UK seaside towns.

Margate has recorded an impressive 12.5% increase in the past year with the figures compiled from July 2015.

The figures were released by online property portal Zoopla, and the data shows a number of interesting stats around the differing fortunes of costal properties over the past 12 months.

Zoopla spokesman Lawerence Hall said the big increases seen in Margate can be related to a large investment from regeneration funding pumped into the area over the last ten years.

The money has been used to boost the areas profile and appeal including the introduction of attractions such as the Dreamland theme park and Turner Contemporary gallery.

Mr Hall said: “If you're considering investing in a beach front property, you should consider those resorts receiving Government investment –it does have a positive impact on property values.”

Overall the South East coast has recorded sizeable vale increases over the past year and 7/10 of the towns with the biggest increases come from the South East region.

Other seaside towns in the South East to make the top ten included Felixstowe, Hastings, and Southend-on-Sea.

One of the weakest performing regions for house prices was the South West coastline where property prices fell by around 2% in several towns.

 

Ilfracombe and Woolacombe in Devon were listed in the bottom 10 for price increases despite being popular holiday locations.

The two Cornish towns of Perranporth and Looe also featured in the bottom 10.

The study by Zoopla also looked at the most expensive and cheapest areas to buy a seaside home and the most expensive was Salcombe in Devon where the average property costs £598,230.

If you're looking to snap up a bargain seaside property, Girvan in Scotland, Saltburn-by-the-sea in Yorkshire and Fairbourne in Wales offer the lowest average property cost with a range from £138,094 to £141,576.

 

Specialists in Construction Insurance

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