Wick still one of the cheapest places to buy a home
DESPITE the average house price in seaside towns rising dramatically in the past decade, Wick remains one of the cheapest places to buy a home.
According to latest research from Halifax, all 10 of the least expensive seaside towns are in the north of England and Scotland, where average prices are all below £95,000.
Wick is the fourth cheapest on the list at £89,582 in comparison to average house prices in seaside towns which have risen to £196,826.
Britain’s highest priced seaside towns are Salcombe in Devon and Sandbanks in Dorset at £615,344 and £574,089 respectively.
Five seaside towns in Scotland have recorded at least a doubling in house prices since 2004, with all five towns on the Aberdeenshire coast.
Craig McKinlay, mortgage director at Halifax, said: “Seaside towns provide a unique lifestyle opportunity and remain popular places for people to live while also attracting those looking for second homes or holiday properties which can place additional upward pressure on house prices.
“Living near the seaside remains an achievable dream for many. Even in the places experiencing the biggest house price rises in the past 10 years, four are still substantially below the UK average.”