Coastal
Properties in coastal areas
have been known to come
to the market only once
per generation
A buoyant
market
There is still considerable desire among buyers to invest
in property in one of Britain’s beautiful coastal regions,
with Sandbanks and Cornwall proving most popular
ven in a challenging economic than expected for a coastal area, but the
E
environment, the dream of buying market revived in April with more buyers
a waterfront property still remains registering interest and booking viewings.
strong. The ideal home has direct Agents in coastal areas believe that the
water frontage with a mooring or a private UK may just be finding the floor in prime
beach. Only a few of these are brought to property values, which bodes well for a
the market each year and buyers will pay recovery. Indeed, Savills Canford Cliffs
handsomely for them. Premiums can easily reversed the nationwide trend by selling
add 50 per cent to the value. more than £20 million worth of property in
James Mackenzie, of Savills Country the final four months of 2008.
Department, says: “We’ve been thrilled that An increase in applicants registering
during the past two years when the market caused competition for the limited supply
has been suffering, activity has continued of properties at Sandbanks. “Due to the
almost unabated in Cornwall.” shortage of new instructions to the
Activity at the start of 2009 was quieter market we have recently experienced several
instances where two applicants competed
over one property,” explains Pippa
Property hotspot | Padstow, Cornwall
Dawson, of Savills Canford Cliffs.
“Therefore, we have found that values
Trevose House, Padstow
increased slightly.”
A beautifully presented coastal
residence in a world-class
Selective buyers
setting, this three-bedroom
detached house offers
Is this upsurge of interest a sign of better
spectacular views along the times ahead? “There are indications that
North Cornish coastline. Its
prime properties in coastal regions may be
landscaped grounds include
a ‘secret’ garden and there is
levelling out in price due to lack of supply,
private access to a beach.
but prices are still down by 20 per cent on
2007 prices,” explains Jonathan Cunliffe,
Price: £3.5 million
of Savills Cornwall.
Contact: Martyn Rohrs
+44 (0)1872 243 200
At the moment buyers are being more
mrohrs@savills.com selective because they expect to own
properties for longer than in previous years,
52 savills ultimate property collection
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