Bournemouth named most in demand coastal real estate location

BOURNEMOUTH has been named as the most in-demand coastal real estate location, with Poole also taking the top spot, the latest data reveals.

Rightmove’s figures, based on millions of data points on supply, demand and price in the real estate market, looked at activity in coastal areas in 2021 compared to 2020.

Analysis showed Bournemouth to be the most requested location, followed by Poole who was in fifth place.

Average asking prices in the ten most popular coastal locations rose 6% this year, just ahead of the national average increase of 5%.

This year, the speed of the market has meant that the time to find a buyer has reached a record number of days. The average time to find a buyer over the whole of 2021 is 44 days, 15 days faster than the average in 2020.

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Tim Bannister, Director of Real Estate Data at Rightmove, said: “After a year where coastal locations have really captured the imaginations of UK buyers, it is interesting to reflect on how the big picture looks at the end of the year. ‘year.

“Overall this is the year when, either through changed lifestyle priorities or the ability to work remotely, living in coastal areas became possible for more buyers. , which is reflected in the data we see in this study. ”

Sean Gibson, Residential Sales Manager at Savills in Canford Cliffs, said: “We have seen an increase in demand for properties in and around Bournemouth which, even under ‘normal’ conditions, has always been a destination of popular relocation.

Sean Gibson, Savills

“Such has been the appetite of those wishing to move to Bournemouth, a number of our properties have attracted several offers, many of which sold for above the original guide price. It’s something we’ve seen at all price points too.

‘While we expect there will be less urgency in the market next year, the likely shortage of good homes for sale means high levels of demand for properties in Bournemouth and other towns and popular villages in the region are expected to continue.

‘With its connectivity to London, excellent education, variety of high quality accommodation and access to plenty of green space and the coast, Bournemouth has always been – and will continue to be – a popular choice for many. ‘buyers.

“However, setting a realistic asking price up front will be key to maintaining momentum as we move into the New Year.”

Most popular coastal locations 2021

1. Bournemouth, Dorset | £ 317,449 average asking price

2. Southampton, Hampshire | Average asking price of £ 249,053

3. Brighton, East Sussex | Average asking price of £ 461,796

4. Blackpool, Lancashire | Average asking price of £ 137,301

5. Poole, Dorset | Average asking price of £ 406,566

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