Monday 27 May 2013

Welsh seaside town saw prices rise 134%


House prices in the North Wales town of Porthmadog  have skyrocketed 134%  over the  last decade - the fastest rise of  any seaside town in Wales and  England.
The annual Halifax Seaside Town Review tracks house price movements in 136 seaside 
towns in England and Wales.
The average cost of a home in  the Gwynedd town is £162,638 -  in 2003 it was around £54,000, 
 The figures, released by Halifax  show Porthmadog top the poll ahead of  Seaham and Newbiggin-by-the-Sea which  came in  second and third places respectively. 
Both these coastal towns  are in the North East and have  seen house prices more than  double over the last decade.
The only seaside towns in the  south of England to make it on  to the “top 10” fastest rising  house prices list were St Mawes  and Perranporth, which are  both in Cornwall.
The coastal towns at the top  of the list tend to have seen  prices rising sharply from a relatively low base.

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