Salcombe

Salcombe in Devon has been named the most expensive seaside town for buying a house. It's leapfrogged the previous holder of the title, Sandbanks in Dorset, ...

“Second home ownership undoubtedly plays a role in driving up prices in the most desirable locations. 7 - Dartmouth (£567,985) 1 - Salcombe (£1,244,025)

Salcombe has knocked Dorset's Sandbanks off the top spot, according to the Halifax, a bank. A home in the well-heeled South Devon town will set you back £ ...

The Halifax used Land Registry data to put together its top 10, which also includes other Devon towns, Dartmouth, which although nearby is half the price of a Salcombe home at £567,985; Kingsbridge (£556,659) and Budleigh Salterton (£537,681). The average price of a new home across the UK is £304,460. It makes Sandbanks a bargain these days, as the average price is a measly £952,692.

THE UK's most expensive seaside towns to own a home have been revealed – is your area on the list?The coastal town of Salcombe in Devon has been n.

[Wales](https://www.thesun.co.uk/where/wales/), in addition to figures from the Registers of Scotland, to make the findings. [house prices](https://www.thesun.co.uk/topic/house-prices/) have at least doubled over the past decade include [Margate](https://www.thesun.co.uk/where/margate/) and Westgate-on-Sea in [Kent](https://www.thesun.co.uk/where/kent/). [cheapest places to snap up a seaside home](https://www.thesun.co.uk/money/21942320/cheapest-spots-seaside-town-home/). [Scotland](https://www.thesun.co.uk/where/scotland/) are valued on average at less than £100,000. "Some of these factors are more acute in Britain's coastal communities, and many British towns most in need of investment also sit near the shore." [Dorset](https://www.thesun.co.uk/where/dorset/), which was previously named by Halifax as the [priciest seaside spot](https://www.thesun.co.uk/news/21823108/world-most-expensive-town-gas-bills-poundland/). [England](https://www.thesun.co.uk/where/england/), in areas popular with second home owners. [Salcombe](https://www.thesun.co.uk/travel/12309286/tourists-devon-holiday-salcombe/) in [Devon](https://www.thesun.co.uk/where/devon/) has been named as Britain's priciest seaside location to buy a property on average in 2022, according to analysis. By the end of 2022, a home in Margate cost 109 per cent more, on average, than it did in 2012, rising from £146,276 to £305,191, and the average cost of a property in Westgate-on-Sea doubled, from £154,686 to £308,764. "Whilst million-pound properties are abundant in the south west of England, in contrast, homes in Greenock in [coronavirus](https://www.thesun.co.uk/topic/coronavirus/) pandemic, coastal and rural locations were particularly popular as house hunters embarked on a "race for space". [homes](https://www.thesun.co.uk/topic/homes/) across Britain has increased by 56 per cent between 2012 and 2022, from £195,509 to £304,460.

Newbiggin-by-the-Sea was the only place in England included in the top 10 least expensive places to own a home in the UK, according to research from ...

- Kingsbridge, Devon, South West - £556,659 - Dartmouth, Devon, South West - £567,985 At the other end, Greenock in Inverclyde came in cheapest overall with an average house price of just £97,608 - one of nine places in Scotland featured in the top 10 least expensive locations to own a home. While house prices in any location are driven by factors such as supply and demand and interest rates, there are also socio-economic factors at play. Kim Kinnaird, mortgages director at Halifax, said: "For many, owning a home by the sea is an aspiration, with coastal living offering beach walks, clean air and other health benefits. [Newbiggin-by-the-Sea](https://www.chroniclelive.co.uk/all-about/newbiggin-by-the-sea) was the only place in England featured in the top 10 cheapest locations to own a home by the sea according to analysis from Halifax, coming in at the sixth least expensive place overall.

Halifax's study indicated that, in general, the cost of coastal homes across Britain has increased by 56% between 2012 and 2022, from £195,509 to £304,460.

Halifax used Land Registry data covering England and Wales, in addition to figures from the Registers of Scotland, to make the findings. “When we delve deeper into the cost of Britain’s seaside homes, it’s clear that there is a broad spectrum in house prices. Other locations where house prices have at least doubled over the past decade include Margate and Westgate-on-Sea in Kent. Many of the most expensive seaside locations were found along the coastline of southern England, in areas popular with second homeowners. Halifax’s study indicated that, in general, the cost of coastal homes across Britain has increased by 56% between 2012 and 2022, from £195,509 to £304,460. Lymington in the New Forest was among Britain’s priciest seaside locations to buy a home on average in 2022, analysis has suggested.

RESIDENTS who live in the UK's most expensive seaside town love living in the “hidden gem” but say there is a big downside.Salcombe in Devon has.

"We suck it up and keep the shop open all year round to keep our staff employed, but it's a ghost town in the winter - the town relies on the tourism industry." "The problem is that because there's a lot of holiday homes there, it outprices locals and prevents a real and thriving community from being established in the town. Beth Hillier, who owns a small clothing shop in Salcombe, said: "Although I run a business, I personally don't live there, which I think really is the crux of the issue. "People take advantage of the seaside location and know they can charge what they want. "Once families are there, they are not always looking at the price of stuff, if the kids want something to eat the kids are going to get something to eat. "We get a lot of tourists from all over the world. "People come here because of the fact it's a little bit cheaper here. Hazel said: "It's one of the most underrated places in the UK. "There's lots of lovely places to eat out and we have events on all the time. [RNLI](https://www.thesun.co.uk/topic/rnli/), said the town "has always been an expensive place to live". [Devon](https://www.thesun.co.uk/where/devon/) has been named as the country’s [most expensive coastal place](https://www.thesun.co.uk/money/21948620/most-expensive-uk-seaside-towns-buy-home/) to buy a [property](https://www.thesun.co.uk/money/property/). While locals love it there, the posh resort charges twice the price of a pint of a beer compared to the

Salcombe in Devon, where an average house costs £1.2million and hotels charge nearly £500 per night, has been named as the country's priciest coastal place.