| |
Share, Like & Tweet!
|
|
|
< back to news stories
Will Seaside Homeowners Be Encouraged To Release Equity From Their Property
11/06/2010
According to new figures, the average price of a UK property in a seaside town increased by 92 per cent between 2001 and 2009.
Coastal houses outperformed those in the rest of the country, according to the data from the latest Halifax Seaside Town Review, where prices increased by 81 per cent.
Homeowners in Padstow, Cornwall will be encouraged by the news, as the figures show that the average house in this south-west town increased in value by 211 per cent during the same period.
Houses bought for £135,677 in 2001 were worth £421,954 last year, according to the report.
Housing economist, Martin Ellis, at Halifax, said: "Living on the coast offers many attractions, including a typically high quality of life and attractive surroundings."
A number of people aged over 55 years who live by the sea might be tempted to take out an equity release plan and use some of the cash from their property.
Homeowners aged over 55 years can find out how their home could generate funds for their retirement by contacting therightequityrelease.co.uk for equity release advice.
|
| |
|