House prices by the sea 'increase 42% in a decade'

House prices in seaside towns have risen by about £500 a month over the last decade, a report has found.

According to Halifax, average seaside prices have grown by 42% in the last 10 years to reach £196,826, although seaside house prices are still cheaper on average than in Britain as a whole.

Sandbanks in Dorset
With an average house price of £574,089, Sandbanks in Dorset is in the top 3 most expensive seaside towns. Credit: PA

The most expensive seaside town to live in is Salcombe in the South West with an average house price of £615,344.

Meanwhile, the biggest increase in prices over the last decade was in Fraserburgh in Scotland, with a 141% rise to £129,325.

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Seaside house prices 'increase 42% in 10 years'

House prices in seaside towns have risen by about £500 a month over the last decade, a report has found, although seaside house prices are still cheaper on average than in Britain as a whole.