Coastal property 'becoming popular once again'
Saturday, 30 January 2010 9:00 AM
Interest in coastal properties is on the rise in the UK and is indicative of a changing mindset, it has been claimed.
The reinvention of the previously industrial cities in the north, coupled with a desire to escape to the countryside, has prompted this renewed interest in the coast, according to iammoving.com.
Partner relationship manager at the online change of address service Jon Brown explained that those that live along the coast are "more secure than most" about their prospects should they decide to sell.
He said: "These properties are at a premium and with many surrounded by areas of outstanding natural beauty it is always more difficult to build new housing along the coastline - especially affordable housing."
Mr Brown's comments follow the publication of the most recent figures from the Land Registry, which indicate that coastal properties have seen far higher annual price increases than other areas in the UK.
While average house prices for the UK increased by 0.1 per cent last year, property in the coastal locations of Ceredigion in Wales and Brighton and Hove rose by 7.3 per cent and 5.6 per cent respectively.
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