Warmer weather calls upon us to come to the sea and the love Britain has for the coast has pushed property prices to an amazing level. According to data from the Land Registry and Registers of Scotland and compiled by Halifax, in the last decade seaside homes have increased in value by £410 a month. The average cost of a home in Salcombe in Devon is £672,874 making it the most expensive seaside town to buy property. The most affordable is in Port Bannatyne in Scotland with an average price of £73,539. The least expensive seaside property average in England is Newbiggin by the Sea in Northumberland.

The largest gains were seen in Scotland.

Craig McKinlay, mortgages director at Halifax, remarked, “There is a romance associated with living by the sea and this is evident in the high house prices.

“Some of the most expensive seaside towns in Britain are dotted along the southern England coastline while many of the least expensive are in the north, particularly in Scotland.

“Despite a clear north-south divide in property prices among seaside towns, the rapid price growth in many Scottish seaside towns over the last 10 years suggests the popularity of coastal living has spread out across the whole country.”

For homeowners that invested in property in these areas, they will have come out better than many that invested their money elsewhere into stocks or savings opportunities. This would especially be so if they have continued to remortgage and take advantage of low interest rate remortgage offers from lenders.