Living by the sea can have a whole range of health benefits, from offering cleaner air to breathe to effectively boosting your mood. These health benefits make Brighton a popular place to live, especially as homeowners will have easy access to the water. How does living so close to the coast affect house prices, and is it all good news for homeowners?
In the last 12 to 18 months, there has been a significant increase in the demand for houses located close to the sea, with people leaving the city in droves. Living by the coast has a wide range of health benefits for people of all ages and can be perfect if you’re wanting to escape from the hustle and bustle of city life. This has meant that if you’re looking for your dream house by the sea, you may have more competition than you originally thought. If moving to the seaside is on your bucket list, you may have more luck winning the lottery than purchasing your dream home.
Whether you’re picky about where you want to move to or want to find somewhere quick, it could be a good idea to speak to a mortgage broker about your circumstances. Trussle offers free mortgage advice, with customers saving on average almost £300 a month. You can also use this service to check changes in house prices in your area, to be sure that you’re choosing the right time to make your move. However, if you’re just wanting to look at different areas to see if anything jumps out, some of the coastal hotspots include:
- Brighton, East Sussex
- Falmouth, Cornwall
- Filey, North Yorkshire
- Hunstanton, Norfolk
- Plymouth, Devon
- Taunton, Somerset
- Weymouth, Dorset
Coastal erosion and rising sea levels
No matter where you are in the world, if you live by the sea, or want to, you need to think about the environment. While every area can suffer from extreme weather conditions, living by the coast will see you suffering from them more often. Whether it’s a risk of flooding because of rising water levels, or property subsidence caused by erosion, these can affect house prices.
When you consider that there are already over 500,000 properties at risk from coastal flooding, and a further 8,900 at risk from erosion, moving to the coast is not all it appears to be. Before you set your sites on a seaside home, it’s a good idea to check out the local area to see if there are any concerns about erosion and flooding. You may also find that the price of your property will decrease in value anywhere from 10% to 25% if erosion becomes a concern.