Best buys beside the seaside
Christchurch in Dorset, Leigh-on-Sea in Essex and Bexhill-on-Sea in Sussex offer the best quality of life for those looking for a home by the sea, according to the latest Halifax Seaside Town Review.The survey, which tracks living standards by ranking local performance in the labour and housing markets, the environment, education and health, put Christchurch top, but named Bridlington, Lowestoft and Great Yarmouth as offering the best value for moneyHalifax found that living by the sea comes at an average premium of £5,298 or three per cent, compared to the rest of the country.The most expensive seaside town in Britain is Sandbanks in Dorset, where the average house price is £488,761 - a huge premium of 106 per cent.Colin Kemp, managing director of Halifax Estate Agents, said: "Seaside towns tend to have house prices that are at a premium to their surrounding areas and have generally seen strong house price growth over the past few years."There are still some bargains to be had for home buyers. "Bridlington, Lowestoft and Great Yarmouth are the three seaside towns in Britain that offer the best value for money. "Several seaside towns in the South East also offer a combination of relatively low property prices and a high quality of life."
Share this..
Related stories
Could a graduate tax system work?
Despite the fact that the UK government has yet to make a final decision with regards to tuition fees and the introduction of the potential graduate tax in the UK, there are grave concerns about the proposed system. There is a feeling that high earners in the UK will be penalised to a greater extent than those on lower incomes and actually end up paying significantly more in graduate tax than the...
Read MoreSo Are The Oil Markets Are Being Squeezed By Suppliers?
While it is widely accepted that the current oil price does not fully reflect the supply and demand situation, comments from BP this week have thrown some light on what is really happening in the oil markets. For the first time since 2002 the amount of oil supplied by the oil companies has fallen, with a decline of 0.2% in 2007. When you consider this is at a time when oil consumption has risen...
Read MorePensioners hit by tax code error
It has been revealed that pensioners in the UK have been dragged into the rogue tax code saga which has seen millions of incorrect tax code forwarded to taxpayers in the UK. While pensioners have been warned to be on the lookout for incorrect tax codes, which could in a worst-case scenario see people paying over £100 extra tax a month, it is not yet clear exactly how deep the problem goes. Thi...
Read MoreOFT probes 'free' banking
The Office of Fair Trading (OFT) has launched an investigation into concerns that banks may be unfairly imposing charges upon their customers.Along with a market study into current account pricing, the watchdog has launched a formal investigation into charges on unauthorised overdraft use and for returned items.It warns that 'free' banking may be coming to an end and fears that any rash, suddenly-...
Read MoreIs deflation the new threat to the worldwide economy?
While we have heard concerns regarding inflation, recession and possible depression a new argument was added to the mix today with many now concerned we are entering a period of severe deflation which could well be catastrophic for the worldwide economy. The sharp reduction in UK interest rates was unexpected but well received, but many are now questioning why such a severe reduction was announced...
Read More