West coast tipped as profitable for investors

Homes on the west coast of Britain have been tipped as the most profitable in seaside areas for UK property investors, having seen the strongest levels of house price growth in the past five years.

The seaside town to see the largest degree of growth is in fact on the east coast. Seaham, in County Durham, experienced a 181 per cent increase in value.

However, 14 of the top 20 coastal towns that had the highest rises in price are on the UK’s western shores, with four areas recording price inflation of over 150 per cent.

Prices of UK property in Pwllhelli, Rock, Caernarfon and Maryport climbed by 176, 172, 166 and 155 per cent respectively.

Colin Kemp, managing director of Halifax Estate Agents, which carried out the survey, said: “Seaside towns on the west coast have generally seen the largest house price increases over the past five years.

“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.”

Seaside towns in Wales were found to be among the healthiest in terms of demand and led the overall trend of price increases on the west coast, occupying nine of the top 20 places in the list.

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