Tuesday 12 June 2007

Seaside town property

Apparently there is an element of symbiosis between the UK property market and the redevelopment of seaside towns, which many would be property investors might want to take advantage of.

The Co founder of PropertyFinder.com and property expert, Nick Leeming said that the booming market meant investors were prepared to pay for property in areas including Padstow and Rock on the Cornish coast, or the Isle of Wight. Additionally they are prepared to pay the prevailing high prices, knowing that it is in fact a good buy to let prospect, and should be relatively easy to keep tenanted.

Regeneration of the seaside towns is a key feature in the growth of property by the seaside, but as with anything property investment related Caveat Emptor should be the buzz word, as these types of towns can be “hugely variable”. The buoyancy of the property market is the driver of regeneration of areas which previously were not economically viable.

Ok well anyone who has been to somewhere like Brighton recently will be well aware of the cost of property and the fact that it is very popular with Londoners, many of whom commute. For this reason you might want to use the free property search tool to check out a few of the other costal towns which might be a bit cheaper.

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