British home hunters continue to express their love for the coast, and in the affluent suburb of Pula, Canford Cliffs, over the past year asking prices have risen more than in any other coastal area.
Last month at the Dorset access point, asking prices jumped 24 percent from a year earlier, averaging more than £ 1.2 million, according to Rightmove.
More than two years since the start of the pandemic, the desire for more open space, especially near the sea, does not seem to stop.
In all coastal areas of the UK, demand prices rose by an average of 13.9 per cent compared to last year, exceeding the national average by 9.9 per cent.
Rightmove found coastal areas where demand prices rose the most in the last year to April
In Canford Cliffs, asking prices for the coast have risen the most: this five-room house in the affluent suburb of Poole is selling for 2.2 million pounds through real estate agents Savills
Residents of wealthy Canford Cliffs in Dorset enjoy easy access to beautifully manicured sandy beaches on the south coast
|Location||The average asking price in April 2022||The average asking price in April 2021||The average asking price y / y|
|Canford Cliffs, Poole, Dorset||£ 1,223,180||£ 987,752||24%|
|Brixham, Devon||337 129 pounds||£ 274,944||23%|
|Abergele, Conwy County||£ 234,613||£ 191,603||22%|
|Skegnes, Lincolnshire||£ 201,976||165,758 pounds||22%|
|Ilfracombe, Devon||£ 266,353||219,154 pounds||22%|
|Gorlston, Great Yarmouth, Norfolk||£ 224,066||£ 185,066||21%|
|Burnham-on-Sea, Somerset||£ 298,938||£ 248,432||20%|
|Paignton, Devon||£ 286,188||£ 239,183||20%|
|Dolish, Devon||£ 296,286||£ 249,755||19%|
|Ride, Isle of Wight||£ 292,003||£ 246,454||18%|
This modern family home with five beds in Canford Cliffs sells for £ 1,695,000 and is sold by Savills real estate agents
In second place is the Devonian fishing town of Brixton, where asking prices have risen by 23 percent over the past year.
And the Welsh market town of Abergele in Conwy ranks third with asking prices of 22 percent for the year.
Demand for homes has exceeded supply for homes in many parts of Britain, and coastal areas are no exception.
Competition for homes in coastal areas last year means the market has increased.
The average time to find a buyer in a seaside location is 33 days, and on average homes find buyers 20 days faster than last year.
This property with a second degree terrace in Devon Brixham has two bedrooms and is for sale for £ 355,000 through real estate agency Eric Lloyd & Co.
For those on a smaller budget who are looking to Canford Cliffs, this one-bedroom apartment is selling for £ 825,000 through real estate agents Key Dramand.
This two-bedroom two-bedroom property in Abergele – a town on the north coast of Wales – sells for £ 235,000 through the agency Peter Large
Steve Isaac of Luxury & Prestige Properties in Canford Cliffs said: “Like many coastal areas, we have been incredibly busy for a long time and we still see a very high demand for moving to this part of Dorset.
“One of the key things we’ve noticed affecting gaits is that work patterns have changed. We see a lot of people looking to buy bigger homes now that they spend more time working from home, and we also see new types of shoppers looking to Canford Cliffs outside the area, now that their work has become more flexible.
“While before the pandemic we had a lot of people interested in holiday homes, now we see more and more people looking for real estate where they can comfortably spend much of the year and work.
“With more demand than for housing, we are seeing strong competition between buyers, which has contributed to rising prices. One of the benefits of Canford Cliffs is its easy access to London and other parts of the UK, which is why some buyers choose the area. ”
This modern three-bedroom house in Canford Cliffs sells for £ 785,000 and is sold by real estate agents Tailor Made
This apartment in Canford Cliffs has three bedrooms and is for sale for £ 555,000 through real estate agents Frost & Co.
This four-bedroom detached property in Gorlston-on-Sea in Norfolk sells for £ 585,000 and is sold by real estate agents Yopa.
Tim Bannister of Rightmove said: “Right at the start of the pandemic, when the market reopened, we saw a huge surge in demand for these coastal areas as people wanted to have sea views or more space off the coast.
“Over the last couple of years, there have been long periods when demand has far exceeded supply, which has contributed to the significant rise in asking prices we are seeing today.
“Hopefully, with the release of new stocks on the market, we are beginning to see signs of a better balance of supply and demand in coastal areas than we were a year ago, and we expect it to penetrate the market and possibly slow down prices in the coming months.” .
This detached four-bedroom house in Skegnes, a seaside town in Lincolnshire, is selling for £ 325,000 through real estate agents Willsons.