Salford Property News
The coast is clear
Dewi Jones
Aug 11, 2022, 11:30 AM
Trips to the seaside are one of the great joys of a traditional British summer. Given that we have over 6,000 km of coastline around England and Wales, it might come as a surprise to know that opportunities to buy a home by the coast are very rare.
Only 1 in every 200 homes sold in England and Wales over the last 4 years has been located within 100m of the coast – that is equivalent to just 0.5% of all sales.
On average, coastal properties attract a price premium of 18.6%, compared to properties in the wider locality.
Seven of the UK’s top 10 most expensive coastal resorts in 2022 are located within the South West, two in the South East and one in the East of England (Lloyds Banking Group/Halifax, 2022). Source: Dataloft, Land Registry, DLUHC, Ordnance Survey, based on sales 100m from the coast, April 2018 to March 2022.
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This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
Dewi Jones - Editor
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