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Rock Stars - TheMoveChannel.co.uk

Rock in Cornwall blew every other UK coastal resort out of the water to reign supreme in Zoopla’s Seaside Property Hotspot League, with average home values a whopping £548,621 – which is £370,000 more than average values in other UK coastal areas…

(EMAILWIRE.COM, June 24, 2009 ) Rock in Cornwall blew every other UK coastal resort out of the water to reign supreme in Zoopla’s Seaside Property Hotspot League, with average home values a whopping £548,621 – which is £370,000 more than average values in other UK coastal areas…

The Zoopla.co.uk Seaside Property Hotspot League was compiled by comparing average home values and property price changes for 120 UK coastal resorts from 1st June 2008 to 1st June 2009.

Well-known beach locale Rock boasted property values that were far higher than most other coastal resorts, including Milford-on-Sea in Hampshire and North Berwick in East Lothian.

Rock is popular with well-off holidaymakers seeking some British seaside excitement and Prince William and Harry are also regular visitors.

Even the recent poor water report (see TheMoveChannel.com’s story on this) in which Rock failed to meet standards for swimming quality couldn’t keep Rock’s profile and prices down.

The average home values in Rock are currently £548,621, at least £370,000 more than the average coastal home values in the UK, despite a drop of 12.9 per cent over the past year.

Over the past 12 months, the biggest seaside value drops were seen by properties in Kent, where house prices have fallen 20.1 per cent in Ramsgate and 18.7 per cent in Broadstairs. Burnham on Sea in Somerset was the third worst performer over the past year with a drop of 18.6 per cent.

Coastal resorts where property prices have held up best in the market downturn, were led by some of Wales’s largest coastal resorts after average property values in Llandudno dropped by just 4.3 per cent and Llangrannog by just 4.7 per cent, followed by popular Cornish family resort Looe where values dropped by only 5.9 per cent.

The most expensive seaside area to buy in is North Berwick, where the average detached home is valued at £504,261 and the average flat at £245,530.

Properties in Milford-on-Sea and Sidmouth also scored highly in the value stakes across all property types.

For more information on properties in the UK and the market in general, please visit http://www.themovechannel.co.uk/

-ENDS-

Notes to editors:

TheMoveChannel.com is a property website that was founded in 1999 as an online resource for buying, selling and learning about property. It now receives as many as 300,000 visits per month and advertises over 50,000 properties in nearly 90 countries, which are listed by over 500 partner organisations.

For further information as well as images and interview possibilities, please contact:

Dan Johnson
Managing Director
www.themovechannel.com
0207 952 7650

Contact Information:
TheMoveChannel.com
Dan Johnson
Tel: 020 7952 7650
Email us


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