Editor's note: This brief was summarised by The Property AI Newsroom from a report by The Negotiator. Read the original article for full details.
Rightmove Reveals UK Seaside Property Price Hotspots
Seaside property markets in Britain are experiencing notable price growth, according to new data from Rightmove. Several coastal towns have seen double-digit or high single-digit increases in average asking prices, while the national average has declined.
Bootle in Merseyside leads the rankings, with average asking prices up 11% year-on-year. Crosby in Liverpool and Penarth in South Glamorgan follow, each recording 9% growth over the same period. Other coastal locations with strong price growth include Llantwit Major in South Glamorgan, up 8%, and Llanelli in Carmarthenshire, up 7%.
This contrasts with a national average drop of 0.3% in asking prices over the past year, highlighting how some seaside locations are outperforming the broader UK property market. Rightmove reports that the average price of property coming to market in May this year is £378,304.
For letting agents and inventory clerks, these trends indicate continued demand for coastal properties, particularly in areas that remain relatively affordable compared to larger cities and commuter hotspots. The data suggests that buyer interest is being driven by factors such as lifestyle, space, and value, with some seaside markets showing resilience despite more modest growth elsewhere in the UK.
Rightmove notes that realistically priced homes continue to attract interest, especially in locations where price growth is supported by buyer demand. The findings may be relevant for property professionals managing coastal portfolios or advising clients on market trends in these areas.
Source: The Negotiator