Houses and apartments on the coast of great Britain is 81% more expensive

Real estate Velikobritanii located near water, has always been popular, but now the price difference reached a record level of 81%.

If the cottage is on a river, or apartment house by the sea, or a house on the lake – not important to live near the water is prestigious and fashionable .

Knight Frank company periodically publishes the so-called “index of coastal real estate.”

According to the latest data, for the property in Velikobritaniyu water compete with all the buyers and the British and foreign buyers, and among foreigners – a third of buyers are from North America.

Of course, in different regions the increase in price is different, on the southwest coast of England the price of coastal property is 105% higher.

The high price of coastal housing in the South-West due to the fact that the residents of London and the Central parts of the UK trying to escape to the sea for the weekend and many are on the banks second home or apartment.

Also in great demand West coast near Bristol, where you can see luxury homes.

On the East coast of England award reaches 51%, in the South-Eastern part – 48% . This difference with the West coast, most likely due to itself expensive real estate in Eastern and South-Eastern part of England. In Scotland property on the coast is 43% more expensive than in the Islands.

Buyers from UK, USA, France, Germany and Spain are buying real estate on the British coast due to a variety of fascinating nature and reliability of the British property market, despite the Brexit.

Due to the weakening of the pound relative to other currencies, the interest in coastal properties throughout the UK has grown over the last year.

® Alice Morgan. 23.08.2017 G.

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