Seaside homes to see prime pricesWednesday, 28 March 2012 09:28
Country and sea side properties are forecast to be some of the most coveted real estate for 2012.
This comes after the government released a new National Planning Policy Framework which limits the development in environmentally significant areas of Britain.
The document released yesterday has a clear view to protection and states that “development should not curtail a continuous signed and managed route around the coast”.
Home finding service County Homesearch claims the main winner from the new document is those who already own real estate along the coast of the country.
The service has also forecast that this demand for coveted coastal and rural real estate is bound to see a price influx, especially for those looking for a holiday getaway house.
Already coastal homes gain an extra 20 to 30 per cent on their listing price according to Country Homesearch.
“With the ‘staycation’ the key holiday trend this year the returns of a holiday let by the sea are set for big increases in 2012, making the limited supply of coastal properties a potential gold mine,” County Homesearch director of Devon, David Hindom said.
It is timely too with the recent celebrity-packed release of the advertising campaign ‘Holidays at Home are Great’ encouraging Brits to holiday in the UK this summer.
The great price difference between coastal and residential properties can best be seen in the sales figures.
A Devon coast property has a £695,000 asking price for a hillside four-bed family home, while a nearby equivalent home lacking the coastal views is marketed at £415,000.
“As the government closes off coastline from development these views are protected, ensuring the price gap will only increase in future,” Carol Peett, director of County Homesearch West Wales said.