Page last updated at 12:22 GMT, Monday, 26 May 2008 13:22 UK

High prices in South West resorts

Rock, Cornwall
Property prices rose the most in the seaside resort of Rock

Seaside towns in the South West are among the most expensive resorts to buy property in, according to a survey of price rises in 2007.

The figures compiled by Halifax estate agents show that six out of the 10 most expensive places to by a home by the sea are in Cornwall and Devon.

In Rock the average cost of a property rose 28% last year to 362,000.

Other resorts in the top 10 include Padstow, Fowey, St Mawes, Budleigh Salterton and Sidmouth.

Highest rises

The most expensive place to buy a home by the sea is Sandbanks in Dorset, where property prices cost an average of 628,000.

The Cornish surfing resort of Rock is the second most expensive place to buy a home but saw the highest price rises in 2007.

Prices in the fishing village of Fowey increased by a fifth to 343,000.

In Padstow the average house now costs 348,352.

People will always like to live by the seaside
Gordon Edwards, Halifax estate agents
The Devon resorts are in general slightly cheaper. In Budleigh Salterton the average house price is 302,985, and in Sidmouth it is 299,013.

Halifax examined house prices in 28 seaside towns in England and Wales for the survey.

Gordon Edwards, managing director of Halifax, said: "Properties in quite a few seaside towns have more than doubled in price over the past five years.

"We now expect some decline in property prices in seaside towns. Whilst they are not immune to wider market developments, there will continue to be a premium for coastal properties as people will always like to live by the seaside."




SEE ALSO
Brown wants more homes for young
09 May 08 |  Cornwall
House price falls 'are spreading'
13 May 08 |  Business
Homeowners cope with price falls
11 May 08 |  Business
Fall in house prices 'welcomed'
11 May 08 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific