Real estate in England on the coast at twice the price

Major British real estate company Knight Frank has published its index, which reflects the annual change in property prices in the UK, located in the coastal zone. In our review we will try to give a brief but comprehensive review of the published data.

The property is located on the coast of South-West England is still trading at very high prices and is in first place in the list of coastal areas with the largest premium to the price. According to analysts, this trend will continue.

Coastal property East Anglia follows the South-West, followed by South East with a performance overhead of 43% and 42 %, respectively.

A luxury the estate, located on the South coasts of the UK costs an average of 54% more than similar properties in the hinterland.

Consider how differentiated prices depending on the distance from the coast.

The property is located on the banks of the river at the mouth has an average premium to the price, reaching 82% compared with the equivalent entities located a few miles from the sea. It would seem that these objects are more secure. But those privileges that presents life near the water, be much more valuable. In addition, near water is best-developed flora and fauna, variety of wild plants and animals, which can also impact the price increase.

Real estate of premium class, located on the coast, is worth more than 81%. Those properties that are on the Bank of the estuary, are more expensive by 47% than homes and apartments located in the centre of the island. Real estate, which is next to the river, is more expensive on average by 53 %, the house on the lake on average is 37% more expensive.

If you evaluate the price of houses that have direct access to the water, i.e. through pontoons and berths, these houses, at least, twice as expensive. The cost of such property may, at 112 % higher than the value of real estate located in the interior of the island. The average price of a house in Britain, located by the sea with a private jetty or pontoon, is more expensive than 105% and 100%, respectively. And private access to the beach or the pier add to the value of the house 82% and 80%.

The market for coastal real estate is expensive, but there is a trend of the sensitivity of the market to prices. Buyers, because of the access to information posted on the Internet become more informed and carefully studied the market before making a choice. The basic number of transactions, which is real estate in England, located on the coast, is in the price range of £750000 – £1500000 that tells about the real price, formed in this sector and, most likely, the planned price trend will continue in 2014.

Last year, coastal property in the UK is more expensive than £2000000 is not protected against the adverse effects of increased stamp duty to 7%. But in recent months both sellers and buyers, has considered it in their calculations and expectations.

® Alice Morgan. 31.05.2013