{"id":145143,"date":"2018-06-23T00:43:52","date_gmt":"2018-06-23T00:43:52","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/house-prices-tumble-in-seaside-hot-spots\/"},"modified":"2018-06-23T00:43:52","modified_gmt":"2018-06-23T00:43:52","slug":"house-prices-tumble-in-seaside-hot-spots","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/house-prices-tumble-in-seaside-hot-spots\/","title":{"rendered":"House prices tumble in seaside hot spots"},"content":{"rendered":"<figure>                                  <img decoding=\"async\" alt=\"Salcombe\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/E3E0\/production\/_102163385_gettyimages-451363691.jpg\"\/>Image copyright                  Getty Images<figcaption>Image caption                                      Average house prices are falling in Salcombe on the south coast of Devon                              <\/figcaption><\/figure>\n<p class=\"caps\">Affording a home in one of Britain&#039;s ritziest seaside towns has long been way out of reach, even for the moderately rich.<\/p>\n<p>But now it seems that house prices in two of the smartest resorts have tumbled significantly in the last year.<\/p>\n<p>In the boating haven of Salcombe in South Devon, prices have fallen 8.2%, according to the Halifax.<\/p>\n<p>And in Sandbanks in Dorset, renowned for being the UK&#039;s most expensive resort, prices are down 5.6%.<\/p>\n<ul>\n<li>Scottish fishing port sees rising prices<\/li>\n<li>Seaside towns hit by rising tide of debt<\/li>\n<\/ul>\n<p>Buying a house in Salcombe has, on average, got \u00a352,000 cheaper, while homes in Sandbanks cost \u00a337,000 less than last year. <\/p>\n<p>A typical home in Sandbanks cost \u00a3626,553 at the start of 2018, according to the Land Registry.<\/p>\n<figure>                                                                                                       Image copyright                  Getty Images<figcaption>Image caption                                      Sandbanks in Dorset                              <\/figcaption><\/figure>\n<p>However it is a different story in most other seaside towns.<\/p>\n<p>Prices are still rising in Aldeburgh, Lymington, Padstow and Lyme Regis in Dorset, for example.<\/p>\n<p>The Halifax said the main reason was the relatively high cost of Stamp Duty.<\/p>\n<p>Someone buying an average home in Sandbanks last year would have been liable for more than \u00a323,000 in tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty ImagesImage caption Average house prices are falling in Salcombe on the south coast of Devon Affording a home in one of Britain&#039;s ritziest seaside towns has long<\/p>\n","protected":false},"author":1,"featured_media":145144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-145143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/145143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=145143"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/145143\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/145144"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=145143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=145143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=145143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}