Flats prove to be shrewd investment as prices rise
Published Date:
19 June 2008
RESIDENTS who have bought flats in Fleetwood have seen the price steadily increase.
Despite warnings of a UK-wide of a drop in prices, this does not seem to have affected flat-dwellers in the town, according to newly-released statistics, which show that flats are a shrewd investment.
The average price of a flat for sale in the town in April this year was £130,000. Two years ago, it was only £75,000.
This represents an increase in price of 73 per cent.
The report also reveals the average price of semi-detached houses has remained virtually the same in the past 12 months.
Property-hunters looking for a bargain could also do worse than come to Fleetwood.
According to statistics, there are currently 81 properties in the town on sale valued at under £100,000.
The research was carried out by web-based property researchers.
Market experts also believe that homeowners in coastal resorts, such as Fleetwood, have a distinct advantage over their inland neighbours.
A spokesman for the Halifax Estate Agents revealed: "There will continue to be a premium for coastal properties, as people will always like to live by the seaside."
A recent survey states that clean beaches, fantastic views and community spirit are the reasons why many people choose to live in seaside towns.
Whether it's waking up to the sound of the sea, or walking the promenade with an ice-cream in hand, the British love the seaside – and estate agents know it.
Homes with uninterrupted views of water in the most desirable locations regularly sell for higher premiums on similar properties even a street or two inland.
The full article contains 284 words and appears in n/a newspaper.
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Last Updated:
19 June 2008 3:41 PM
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Source:
n/a
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Location:
Fleetwood