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Wales Online
Wales Online
Andrew Forgrave, Phoebe Jobling & Brett Gibbons

Property prices boom in seaside village that will disappear beneath the waves

Property buyers are snapping up homes in a seaside village that is set to be submerged under water in the next 30 years.

The village of Fairbourne, Gwynedd, has attracted a surge of people looking to purchase houses and bungalows, despite forecasts it will disappear beneath the waves.

Property prices in the village have shot up by 35 per cent in the last year, according to Rightmove. But purchasers are thought to be cash buyers, because few lenders will offer mortgages on properties with such an uncertain future, reports North Wales Live.

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