Sandbanks Tops List as UK's Most Exclusive Seaside Town Amidst Varied Coastal Housing Market
The UK's coastal property market presents a landscape of stark contrasts, with Sandbanks in Dorset standing out as the most exclusive seaside town, where the average house price hovers around £965,708. Despite a slight decrease from the previous year, the allure of Sandbanks, often referred to as 'millionaire's row', remains undiminished, attracting high-profile homeowners and commanding premium prices. This exclusivity is underscored by recent transactions, including a bungalow sold for £13.5 million, highlighting the area's status as a haven for the affluent.
Meanwhile, the search for affordability leads north to Scotland, where towns like Millport, Girvan, Ardrossan, and Saltcoats offer some of the most budget-friendly seaside living options in the UK. With average house prices ranging from £114,008 to £129,194, these Ayrshire towns present a stark contrast to the luxury of Sandbanks, catering to those dreaming of coastal living without the hefty price tag. The disparity in prices across the UK's coastal towns underscores the diverse appeal of seaside living, from the opulent to the economical.
Amanda Bryden, head of mortgages at Lloyds, notes the enduring appeal of coastal living, driven by factors such as sea views, sandy beaches, and a slower pace of life. However, she also points out the challenges faced by some seaside towns, including seasonal economies and a lack of affordable housing for local residents. These issues highlight the complex dynamics of the coastal property market, where demand and desirability can vary greatly from one location to another.
The UK's seaside towns continue to captivate with their unique charm, offering something for every budget and lifestyle. Whether it's the exclusive allure of Sandbanks or the affordable appeal of Ayrshire's coastal towns, the dream of living by the sea remains a powerful draw. As the market evolves, the contrast between the most and least expensive seaside locations serves as a reminder of the varied fortunes of coastal communities across the country.
