The prices of the houses fall in the resort town of hot spots

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Providing a home of great Britain, the most luxurious cities of the sea has long been out of reach, even for the moderately rich.

But now, it seems that the price of housing in two of the most chic resorts have fallen significantly in the last year.

In the yachting haven of Salcombe in South Devon, prices have fallen by 8.2%, according to the Halifax.

And in sandbanks, in Dorset, reputed to be the UK the more expensive the resort, the prices are down 5.6%.
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Buying a house at Salcombe, on average, got £52,000 less expensive, while homes in sandbanks cost of € 37,000 less than last year.

A typical house of sand Banks, which has cost £626,553 at the beginning of 2018, according to the office of Land Registry.

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However, it is a different story, in most other seaside towns.

Prices are still rising in Aldeburgh, Lymington, Padstow and Lyme Regis in Dorset, for example.

The Halifax said the main reason is the relatively high cost of Stamp duty.

Someone buying an average home in the sandbanks of the last year would have been responsible for more than £23,000 in taxes.