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Last Updated: Friday, 26 May 2006, 23:20 GMT 00:20 UK
House prices rise beside seaside
Eyemouth
Eyemouth has seen a massive increase in house prices
House prices in the Borders coastal town of Eyemouth have almost doubled over the past three years.

New figures show the area has seen the largest price increase of any seaside town in Scotland over the period.

Eyemouth also features in the top ten for Great Britain, with the average house price rising from 71,000 in 2002 to just over 140,000 in 2005.

The most expensive seaside town in Scotland is North Berwick, with the most affordable being Wick.

Kirkcaldy and Dunoon joined Eyemouth as the Scottish towns seeing a rise of more than 75% in their house prices.

'Firm demand'

While North Berwick, St Andrews and Dunbar all had average prices now above 150,000.

A spokesman for the Bank of Scotland, which produced the figures, said the Eyemouth increase was part of a national trend.

"A growing number of Scottish home buyers want to own a piece of the seaside," said group economist Tim Crawford.

"This has meant that seaside towns have seen some of the strongest house price rises in the country over the past three years.

"Firm demand for second homes has clearly been a factor pushing up prices near the sea but regeneration efforts have also boosted house prices in seaside towns."


SEE ALSO:
South west tops house price rises
16 May 06 |  South of Scotland
Slight decrease in house prices
16 May 06 |  Scotland
House price rises 'slowing down'
27 Apr 06 |  Scotland
Capital's house prices 'soaring'
13 Apr 06 |  Scotland
Scots towns head house price list
24 Dec 05 |  Scotland


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