Halifax highlights popularity of coastal properties

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Halifax highlights popularity of coastal properties

Coastal properties are very desirable for many consumers trying to find their ideal home on the housing market, a representative from Halifax has suggested.

Martin Ellis, housing economist at the firm, made his comments after Halifax published research showing that Withernsea is the most affordable seaside town in England and Wales.

He explained properties in coastal areas can be pricey, but there are bargains to be found if people review the whole market.

Mr Ellis said: "Living on the coast offers many attractions, including a typically high quality of life and attractive surroundings. As a result, property in seaside towns is often very popular with homebuyers."

Halifax revealed the location that saw the largest increase in average house price between 2001 and 2009 was Padstow in Cornwall, with the figure going up by 211 per cent in the town.

Last month, the same company stated that household wealth has increased by more than five times over the past half a century in real terms.

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