Seaside house prices surge on Scottish east coast
- 27 May 2013
- From the section Scotland business
Five seaside towns in Scotland have recorded a doubling in average house prices since 2004, according to Bank of Scotland research.
The largest rise was in Fraserburgh. It started from the relatively low base of £53,641 to reach £128,418 by 2012.
The survey found nine of the ten most expensive seaside towns in Scotland are on the east coast.
North Berwick was listed as the most expensive, with an average house price of £327,518.
Next most expensive was St Andrews.
Apart from Fraserburgh, the towns with the largest price rises were Peterhead, Macduff, Cove Bay and Inverbervie.
The least expensive towns were Girvan, Wick, Stranraer, Port Bannatyne and Irvine.
Nitesh Patel, a housing economist at Bank of Scotland, said: "Seaside towns are highly popular places to live in Scotland as they offer a unique lifestyle with a typically high quality of life and a healthy environment.
"A number of seaside towns have recorded substantial house price increases over the past decade, predominately on the east coast.
"Towns in Aberdeenshire have performed particularly strongly, largely reflecting the strength of the local economy over this period."