New figures have been released by the Halifax.
Martin Ellis, a housing economist at Halifax, said:” Seaside towns are highly popular places to live, offering sought-after scenery, weather and lifestyle which no doubt come at a price.
“They also attract those looking for holiday properties, which add upward pressure on house prices.”
The 10 most expensive seaside towns in Britain, according to Halifax:
Sandbanks, Dorset, £664,655
Salcombe, Devon, £539,950
Padstow, Cornwall, £443,396
Aldeburgh, Suffolk, £439,379
Lymington, Hampshire, £426,112
Dartmouth, Devon, £401,361
Fowey, Cornwall, £379,003
St Mawes, Cornwall, £373,746
Wadebridge, Cornwall, £373,351
Budleigh Salterton, Devon, £360,984
There are a limited number of options:
A) Build more houses
B) Impose planning controls on what houses can be used for and restrict ownership
A) Will not reduce house prices and there are obvious environmental and social issues – lots more land built on. B would be highly unpopular in some quarters but if there is a choice between housing for local residents or not, its the best option.