![]() ![]() Typically, this age group will need to find coastal locations with access to employment, good schools and a lively community scene. Kate Eales, head of residential at the agency, believes the desire to up sticks and move to remote seaside locations has fallen away, but demand to live in accessible seaside towns will continue, despite the economic backdrop.Ī recent survey reveals that only 4 per cent of 35- to 56-year-olds currently live by the sea, but 20 per cent believe their next home will be there. New data from Strutt & Parker show that the average house price in coastal towns has grown 13.85 per cent from the peak in 2021 to the first half of this year, outstripping growth nationally. However, the impact on accessible and all-year-round coastal towns, so far, seems to be smaller. Zoopla reports that values fell 3.5 per cent over the 12 months to June to an average of £262,239. Now, in the face of rising interest rates, housing market activity and house prices across the country are softening. This pushed up property prices in the most desirable seaside towns and villages by 22.6 per cent in two years and homes within 10 metres of the coastline now cost £400,000 more than those up to one kilometre inland, according to Savills. Those who could work remotely pursued the seaside fantasy – the more remote and idyllic, the better. ![]() Has the tide turned for the UK’s coastal property market?Ĭornwall became the most searched-for destination in Britain on Rightmove during Covid.
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