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West beats east in coastal property wars

30 August 2006
The Annual Halifax Seaside Town Review has shown that property price growth on the west coast has outdone the east over the last five years.

Halifax's findings, based on the largest UK mortgage lenders' own figures plus statistics from the Land Registry, show that nine of the ten most expensive seaside towns are located on the west coast.

The most expensive of the 98 coastal towns included in the survey, Sandbanks in Dorset, had an average house price of £508,337 compared with just £314,378 for the highest priced town on the east coast, Lymington in Hampshire.

"Seaside towns on the west coast have generally seen the largest house price increases over the past five years," said Colin Kemp, managing director of Halifax Estate Agents. "Welsh seaside towns have recorded the strongest gains.

"Overall, coastal towns still offer value for home buyers," he continued. "The majority of the towns we surveyed still have a lower house price than the average in their region."

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