I came across this article on the web and thought you may be interested. I have noticed a few more properties have been sold recently and prices seem to be staying strong...
With the publication of the Sunday Times Rich List in mid-May, we turn our attention to the most expensive towns in England. So in reverse order:
10. Sevenoaks in Kent, where properties cost just under £470,000 on average and have gone up by 53 per cent over the past five years. Just half an hour from Charing Cross, surrounded by lovely villages and the Kent Weald, the only big downside is the ultra right wing politics of so many residents.
9. Alderley Edge, Cheshire, where average properties cost £481,100 and prices have jumped by 63 per cent in five years. Populated by footballers, Coronation Street actors and Manchester and Liverpool-commuting executives, prices are more than double the level of the surrounding area.
8. Harpenden, Hertfordshire, in between Luton and St Albans, with golf courses aplenty and Kings Cross within 26 minutes. Lots of green space and blue politics.
7. Brockenhurst, Hampshire, close to the sea at Buckler?s Hard, on the doorstep of the New Forest and with a fast train into Waterloo, prices are a fraction under £500,000 on average.
6. Salcombe, Devon, where prices have soared by almost 80 per cent in five years and now average over £500,000. Up to three quarters of properties are second homes, so the place is far busier in summer
than winter.
5. Lyndhurst, Hampshire, is bang in the middle of the New Forest and just 75 minutes from London by train. Property prices have more than doubled in the past five years and now exceed £515,000 on average.
4. Ascot, Berkshire, has a clutch of events during the social season, quite apart from its racing days. Inhabitants pay £525,000 on average for their homes and send their children to the many nearby private schools.
3, 2 & 1 are all in Buckinghamshire, starting with Amersham, followed by Gerrards Cross and finally Beaconsfield at number one, with average prices at £684,000, which is to say 14 times the national income. All three towns are stacked with good schools, parks and organic butchers.
Wednesday, 18 May 2011
Salcombe House Prices Stay Strong
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6 comments:
Where are Sandbanks, Rock etc etc....cleary the usual Times botch job...
Aldeburgh springs to mind.....
Not sure what people in Salcombe think this kind of publicity/statistic does to the towns reputation ? If pricing locals away from being home owners, maintaining an elitist culture and setting a price structure that keeps away the riff-raff (ie anyone who earns less than £50k pa...... then yeah great, you are all safe. I holiday in Salcome every year and love the place.....but every destination like Salcombe runs the risk of its bubble bursting once another venue steals its crown. Salcombe one day could come crashing down to earth with a poor mans bump.
To Anonymous (s)
Sandbanks has ploughed recently and Rock is, like Aldeburgh, unlikely to be in the top 10 as the prices are generally lower beyond a few limited roads. How resilient they are I do not know.
Salcombe prices do seem to be down a little but with very few forced sales and limited supply, no on-going major downward pressure is evident as far as I can see and hear.
The appeal of Salcombe is not ephemeral as it based on so many established layers of competitive advantage that a crash is highly unlikely. I would suggest the contrary as UK destinations (exempt from a major rise in aviation tax), and especially niche resorts, like Salcombe may well thrive.
The list does look a bit selective, what about all the Surrey towns? but Sandbanks is not a town, it's a suburb of Poole?
I doubt very much Salcombe will ever come crashing as a resort, not unless mother nature is planning on carving out another ria somewhere on the south coast in the next few years?
In reality most Salcombe prices are25% less than the peak of 2007.Numbers of properties actually sold (from the Land Registry) are still low, so not exactly a buoyant sellers market. However it's still the best place in the UK!
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