Living by the sea – real estate in UK

Brits are moving closer to the sea . Inquiries for houses in Seaford, Sussex, for example, doubled in 2020. And the Welsh town of Mumbles, Swansea’s Mumbles, is the most popular coastal area in the UK. It has become a leader in home prices, showing a maximum price increase of 47% in 2020.

Leadership of the most expensive British seaside town holds Sandbanks – the average cost of a unit in which £ 1,2 million.

The pandemic has made its own adjustments to people’s plans. Not only are people moving away from London, but many are heading for the seaside.

Oldypak lp real estate growth

So, in the town of Mumbles, which is on the outskirts of Swansea, in South Wales, people are paying on average up to £110537 for housing. Mumbles, a former Victorian-era fishing village, has become a trendy place with a unique individual charm through infrastructure development and good accessibility. Real estate agents in Mumbles report that a new waterfront restaurant and stores, as well as gorgeous beaches, have contributed to its popularity. People are moving to Swansea and the surrounding area from London and Bristol, moving to work remotely in the pandemic.

The average price asked by sellers in Mumbles is £344,832 and it’s still cheap for a coastal town – less than a third of the average price tag in Britain’s most expensive coastal area, Sandbanks in Poole.

The average asking price in Sandbanks, a favorite haunt of celebrities, is £1.2 million.

Other coastal towns that have shown strong buyer interest in the past year are Teignmouth in Devon and Shoreham-by-the-Sea in West Sussex, where searches for viewings have increased by almost 100 percent.

Several other coastal towns also attracted the attention of potential buyers – Sidmouth in Devon and Hayling Island in Hampshire – with searches for buyers up 93 percent and 92 percent, respectively.

Properties in seaside towns are usually expensive, so asking prices in Mumbles are still almost £130,000 higher than the average home price in Wales and about £22,000 higher than the UK total.

Cumber in East Sussex and Fowey in Cornwall were next on the list of hot spots. Since 2015, average sales prices in both regions are up 45%.

The only coastal location representing a more northerly region that saw a big jump in prices was Sandilands in Lincolnshire, where prices rose 43% to just over £268,500.

St. Margarets-at-Cliffe in Kent is also attracting buyers, with prices up 42% to £362,980 from five years ago.

Moving to the coastal area is a dream for many, and it’s safe to say that isolation has increased people’s desire to live by the sea.

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