UK coastline property 'in high demand'

01 February 2010

Written by Steve Olejnik

Buy to let owners with property in the UK's coastal towns may see high demand for housing, according to reports.

Partner relationship manager at iammoving.com Jon Brown noted an increasing value of such property in recent years.

"Fortunately for those living in and owning properties along the Great British coastline, they are more secure than most in the knowledge that the demand for their properties will remain high," Mr Brown explained.

In the 1980s and 1990s, London property was in high demand due to people flocking to the capital during a booming economy.

But in the previous decade there has become a trend for escaping to quieter areas of the UK, which could result in a demand for coastal property.

Mr Brown added that it is not easy to build new houses on the coastline, so the ones that do exist are sought after.

His comments follow reports from the Land Registry on Friday (January 29th) of a 7.3 per cent increase in property prices in Ceredigion, Wales, over the past year.

In Brighton and Hove there has been a rise of 5.6 per cent in house prices over the same period.

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