Cornwall seaside towns see huge property price increases

Residential property prices have more than doubled over the past decade in the majority of seaside towns in England and Wales, according to the latest research from the Halifax.

The annual Halifax Seaside Town Review which tracks house price movements in 97 seaside towns is based on house price data from the Land Registry and covers the period from February 2001 to February 2011.

The largest increase is in the Cornwall town of Wadebridge where the average price jumped by almost 270% from just over £100,000 in 2001 to £370,902 in 2011. Maryport, close to the Lakes in Cumbria, was second on the list, where the average house prices rose by 192% from £40,932 in 2001 to £119,604 in 2011, followed by Tenby at 186% and Seaham at 177%. Seaside towns in northern England and Wales have seen some of the biggest price jumps.

These towns include Whitehaven in Cumbria at 172% and Caernarfon at 171% and Pwllheli 169%, both in Wales. Cleethorpes on the South Humberside coast increased 165% and Whitby in North Yorkshire was up 153%.

Source: Property Showrooms