Beautiful uk seaside town that is now a 'millionaire's playground'

This pretty part of England is loved by Britain's wealthy and has been named as one of the most expensive seaside towns. British seaside towns are an iconic part of life in the UK and

more Brits have been looking to take up the opportunity of a second home by the sea. The South West dominates the list with “millionaire’s playground” Sandbanks in Dorset back in first

place, reports The Standard. Sandbanks in Dorset has average house prices of close to £1 million. According to Halifax’s annual seaside towns review, which tracks house price movements in

191 locations across the UK, the average home in the beach resort near Bournemouth now sells for a whopping £929,187. The area is home to ex-footballers and pop stars and it’s earned a

reputation for being a ‘millionaire’s playground’. Seaside towns across the south coast dominate the top 10, with other hotspots including Padstow in Cornwall, Lymington near the New Forest

and Aldeburgh in Suffolk. Compare The Market say Southwold in Suffolk is the best coastal town in the UK to buy a second property, reports Ideal Home. Having a second home became

increasingly popular after the covid-19 pandemic with other seaside towns such as Brighton having increased in popularity. Estate agent Lextons has seen prices rise by up to 25 per cent over

the past three years in Brighton. The island of Port Bannatyne saw the greatest price rise over the last five years, rising five per cent to £111,717 . The popular town of Margate in Kent

has seen the greatest 10-year rise in average house prices, up nine per cent to £282,734. Russell Galley, managing director, Halifax, said: “Our ongoing love affair with living by the sea

shows few signs of abating. “Homes on the coast have long attracted a premium price, and this was no different in 2021, with the move towards working from home being an ongoing influence is

where people choose to live. “The average seaside home cost £287,087, up eight per cent on the previous year. “Whether it’s a lifestyle sought, the scenery or the sea air, when it comes to

buying homes; we really do love to be beside the seaside.”