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The most ‘in-demand’ coastal towns for house hunters revealed

Bournemouth on England’s south coast is the most in-demand seaside hotspot for homebuyers in 2021.

Remote working has seen more people move out of the city, meaning searches for beachfront properties have increased dramatically.

Most popular seaside towns for homebuyers according to Rightmove . data

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Most popular seaside towns for homebuyers according to Rightmove . data

At the same time, city buyers are looking for their dream seaside property are driving up house prices, sometimes even valuing locals out of the market.

Property Search Rightmove analyzed searches on its website to identify the most searched areas.

It identifies the highest-demand coastal regions as those receiving the highest number of buyer inquiries in 2021.

The most popular area is Bournemouth, where the average price has risen to £317,449. The next most searched is Southampton, followed by Brighton, Blackpool and Poole.

The study also tracked which coastal regions saw the greatest increase in search rates.

These growing areas are rapidly rising in the rankings as more and more people consider moving here.

Searches in Lancashire grew 32 percent, making it the top rising seaside star. Next is Blackpool, where searches are up 21%.

Three locations tied for third, each with a 15% spike in searches: Great Yarmouth, Swansea, and Saltburn-By-The-Sea in Cleveland.

Not surprisingly, all the additional needs are forcing up coastal prices, which is good news for anyone looking to sell in these areas.

Padstow in Cornwall saw the biggest increase in house prices, with the average rising 20% ​​to £658,588.

Prices in Whitby rose 17 per cent to £254,218, while prices in St Ives rose 15 per cent to £473,161.

The fourth-highest rise in house prices was in Porthcawl, South Glamorgan, where the median has hit £307,051.

Rightmove tracked activity on its website between January 1 and November 24, 2021, and compared it to the same time period in 2020.

But the dramatic price increase as demand for beachfront property booms could make climbing the housing ladder more of a struggle for some.

“In terms of average asking price growth, homeowners in Cornwall and Devon are the real winners this year, with properties in one area,” said Tim Bannister, Rightmove’s Director of Property Data. area numbers are higher than the national average, although this means it is increasingly difficult for some locals to get on the ladder.

“Overall, this was the year when, through lifestyle changes or telecommuting priorities, living in coastal areas became possible for more buyers, which is reflected in the data that we see in this study.”

How to reduce costs when buying your dream home

Here are some of our top tips for keeping costs down if you’re looking to move closer to the coast.

Make a low offer

Don’t put your heart on a product, instead make low offers for several places in a niche. Make sure you have a mortgage policy as it can help convince the seller.

Shop around for a mortgage

Make sure you use an “whole-market” mortgage broker, rather than just going with your bank.

Shopping around can save you hundreds, if not thousands, of pounds in fees.

Check all fees and charges

Low interest rates are important when choosing a mortgage, but they’re not the only factor to consider. Make sure you consider all costs including setup fees, early repayment costs, and interest after your trade closes.

Self-packing

Paying someone to pack your belongings certainly takes the stress out of moving, but it can be expensive. If you pack your own, you can save hundreds.

Save on attorney fees

Some attorneys will charge you less if you are referred by your broker. Others charge lower fees for returning customers.

Check the reviews, as you want to make sure your lawyer is fast and reliable, but shop around to get a good deal.

Best place to live in UK revealed, and it’s not where you think – but did your town make the list?

A British couple say they avoided the Covid pandemic by moving to a small island without electricity or running water.

ONE The small warehouse was smashed near Devon beach is on sale for an attractive £45,000, as demand for the location prioritizes buyers.

I made my home the home of my dreams – and I used these savvy tips to help me.

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https://www.thesun.co.uk/money/16939561/most-demand-seaside-towns-house-hunters-revealed/ The most ‘in-demand’ coastal towns for house hunters revealed

Bobby Allyn

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