The average price of a home by the sea has jumped by more than £22,000, with coastal property values boosted by the switch to home working during the pandemic, according to a report.
Halifax said the average value of a British seaside property rose to £287,087 last year, up 8% or £22,082 from 2020.
Millport, on the Isle of Cumbrae in North Ayrshire was the study’s least expensive seaside town in 2020 – but has seen the biggest increase in average prices of any coastal town over the past year, up by 53% from £74,148 to £113,292.
