Hastings in top 10 seaside towns for house price increases

The average property in Hastings costs �244,955 according to Zoopla
The average property in Hastings costs �244,955 according to Zoopla

Hastings is in the top 10 coastal locations to see the largest house value growth in the past year, according to a recent study.

Property website Zoopla has revealed the average property price in Hastings is £244,955 – an increase of 6.95 per cent since 2015.

The south east dominated the top 10 with Margate leading the way with a 12.54 per cent rise with houses on average costing £202,276.

Zoopla spokesman Lawrence Hall said: “It is interesting to see that Margate is the best performing coastal location, benefitting from the highest price rises in the past year.

“This is likely a result of the large amounts of regeneration funding the town has received in the past decade – in particular the Turner Gallery opening in 2011 and its Dreamland theme park re-opening last year.

“If you’re considering investing in a beach front property, you should consider those resorts receiving government investment – it does have a positive impact on property values.”

To read the full list visit www.zoopla.co.uk/discover/property-news/margate-tops-zoopla-s-seaside-property-league-2016.

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