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Coastal homes sell 20 days quicker than before the pandemic says Rightmove

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I do like to be beside the seaside! Coastal homes now get snapped up 20 DAYS faster than pre-pandemic and Dartmouth is proving popular…

  • Homes by the sea currently selling 20 days quicker on average than in 2019
  • Coastal homes currently take 51 days to sell compared to 71 days in 2019
  • The locations with the quickest sale times include Padstow, in Cornwall
  • The place with the biggest rise in buyer searches online is Dartmouth, Devon

Homes by the sea are being snapped up during the pandemic, 20 days quicker on average than in 2019, it has been revealed.

The findings by Rightmove suggested that coastal homes currently take 51 days to sell, compared to typically 71 days in 2019.

Strong demand for coastal homes is also translating into high prices with average values in some seaside locations increasing more than 20 per cent since before the pandemic. 

They include Helensburgh in Dunbartonshire, Padstow in Cornwall, and Gourock in Renfrewshire. 

Homes by the sea are currently selling 20 days quicker on average than in 2019

Homes by the sea are currently selling 20 days quicker on average than in 2019

TIME IT TAKES TO FIND A BUYER (JANUARY TO MAY 2021 V JAN’TO MAY 2019)
Location Time to find a buyer 2019 (days) Time to find a buyer 2021 (days) Change
Coastal locations 71 51 -20 days
Cities 64 51 -13 days
All areas nationally 66 50 -16 days
Source: Rightmove       

The study looked at more than 120 coastal areas across Britain to find out how buyers’ behaviour had shifted during the pandemic.

Homes by the sea have previously taken longer to find a buyer than faster-paced markets in cities, according to the property website.

Property in cities have also sped up, but the average sale time is 13 days. It puts coastal locations and cities level, with now both taking 51 days to find a buyer on average.

The property website compared January to May this year against the same period in 2019. 

And it defined being sold as the average number of days from a property being listed on its website until it is marked as under offer or sold subject to contract.

The number of buyers living in cities sending enquiries to estate agents has also risen.

It is up 115 per cent compared to pre-pandemic as more buyers look to potentially swap cities for a life by the coast.

It is in contrast to a much lower increase of 36 per cent in enquiries from people living in city who want to move but stay in that city. 

Rightmove suggested that this shows a more sustained shift in buyer preference than initially thought during the pandemic.

It said this had been driven my several factors, such as the ability to work from home and a re-examining of priorities.

This four-bed detached house in Helensburgh, Dunbartonshire, is for sale for £280,000 via estate agents Allen & Harris

This four-bed detached house in Helensburgh, Dunbartonshire, is for sale for £280,000 via estate agents Allen & Harris

TOP 10 PLACES BY AVERAGE ASKING PRICE INCREASE (JANUARY TO MAY)
Location Average asking price 2021 Average asking price 2019 % increase asking price vs 2019
Helensburgh, Dunbartonshire £236,209 £186,290 27%
Padstow, Cornwall £624,896 £504,905 24%
Gourock, Renfrewshire £160,147 £132,317 21%
Hemsby, Norfolk £251,508 £208,281 21%
Girvan, Ayrshire £125,983 £105,108 20%
Newquay, Cornwall £302,711 £254,881 19%
Saundersfoot, Pembrokeshire £335,074 £284,837 18%
Cromer, Norfolk £281,557 £240,155 17%
Whitby, North Yorkshire £237,422 £202,973 17%
Rhyl, Denbighshire £145,247 £124,749 16%
Source: Rightmove       
This two-bed semi-detached house in Padstow, Cornwall, is for sale for £525,000 via estate agents Jackie Stanley

This two-bed semi-detached house in Padstow, Cornwall, is for sale for £525,000 via estate agents Jackie Stanley

Average values of properties by the coast are also performing more strongly than in cities, according to Rightmove.

The average cost of a coastal home increased 7 per cent in 2021 compared to 2019, from £255,075 to £272,165.

It compares to the average value of a city home, which rose by 5 per cent from £372,878 to £393,013.

Some coastal areas have seen average asking prices increase by more than 20 per cent compared to 2019.

The areas with the biggest increases include Helensburgh in Dunbartonshire, up 27 per cent, Padstow in Cornwall, up 24 per cent, and Gourock in Renfrewshire, up 21 per cent.

BUYER SEARCH INCREASE (JANUARY TO MAY 2021 V JAN’ TO MAY 2019)
Location % increase in buyer searches vs 2019
Dartmouth, Devon 117%
Salcombe, Devon 112%
Fowey, Cornwall 111%
Saundersfoot, Pembrokeshire 107%
Morecambe, Lancashire 105%
Tenby, Pembrokeshire 103%
Teignmouth, Devon 98%
Swansea, Wales 95%
Padstow, Cornwall 94%
Swanage, Dorset 93%
Source: Rightmove   
This three-bed semi-detached house in Gourock, Renfrewshire, is for sale for £175,000 via estate agents Alter Hogg & Howison

This three-bed semi-detached house in Gourock, Renfrewshire, is for sale for £175,000 via estate agents Alter Hogg & Howison

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Tetchy Tánaiste stirs the Stormont pot

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Some of the most petulant reaction to the latest protocol row has come from Fine Gael, which may explain unwise comments on direct rule and a Border poll from Leo Varadkar.

Speaking at a Co-operation North event in Dublin on Tuesday night, the Tánaiste said direct rule was not a viable long-term alternative to devolution. If Stormont is not restored quickly other options must be considered, with the best forum to do so being the British-Irish Intergovernmental Conference (BIIGC) of the Belfast Agreement.

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Tiny one-room flat with BATH in the lounge and kitchen by the bed is up for rent at £1,000-a-month

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Tiny one-room flat with BATH in the lounge and kitchen just few feet away from the bed goes up for rent for £1,000-a-month in London

  • A cramped studio flat that is up for rent in south London is so small it has a bath located in the lounge
  • The property, that is in the ‘highly sought after’ Wimbledon area, has a bed only feet away from the kitchen
  • Renters will have to fork out over £1,000-a-month to live in the odd space, though bills are included

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A tiny studio flat has been mocked because it costs over £1,000-a-month to rent and the bath is located in the lounge.

While the bed is found only feet away from the kitchen area, with a giant telly on the wall.

The south London property is on the market to rent for an eye-watering amount considering its size.

The bath is right by the back door leading out to a small private area on a patio garden.

The listing states that it has been ‘designed to maximise the space available’ and adds that the bathroom has ‘been cleverly designed to be fully hidden from view’, but this appears just to be a shower curtain.

A compact studio flat in Wimbledon is charging more than £1,000 a month for the luxury of having a bath in the lounge (pictured)

A compact studio flat in Wimbledon is charging more than £1,000 a month for the luxury of having a bath in the lounge (pictured)

The property's bed is located just feet away from the 'Kitchenette area', which boasts a microwave and kettle

The property’s bed is located just feet away from the ‘Kitchenette area’, which boasts a microwave and kettle

The flat has a 'self contained pied-a-tierre' (pictured) with a small table and two chairs

The flat has a ‘self contained pied-a-tierre’ (pictured) with a small table and two chairs

The flat in upmarket Wimbledon Village will cost lodgers £1,150 per month – or £265 per week – to live in it.

Bills are included within the rental and there is a secure parking space available.

One home hunter fumed: ‘London cost of living is so disgusting that you pay £1,150 per month to rent a bath in a bed/kitchen as advertised on Rightmove today.

‘Living in a decent home is an essential and fundamental basic human right.

‘It shouldn’t be a privileged novelty.’

The letting agent said it would be ideal for someone to rent for the Wimbledon tennis tournament which starts next month.

The All England Tennis Club, where the grass championship is hosted, is just half a mile away.

A Twitter user bashed the listing, calling the price of the studio flat 'disgusting'

A Twitter user bashed the listing, calling the price of the studio flat ‘disgusting’

The listing says the flat is 'finished to an exceptional standard' and is available for short term rent

The listing says the flat is ‘finished to an exceptional standard’ and is available for short term rent

The toilet is found opposite to the bath and appears to have more than a curtain separating it from the lounge, unlike the bath

The toilet is found opposite to the bath and appears to have more than a curtain separating it from the lounge, unlike the bath

It is being let by CHK Mountford and advertised via Rightmove, the property listing reads: ‘Set on the ground floor of a wonderful detached private residence in the heart of Wimbledon Village is this self-contained pied a tierre.

‘The property has been immaculately refurbished to a very high standard and has been cleverly designed to maximise the space available.

‘To the front of the property is a small private patio.

‘The room is fully furnished and there is a small kitchenette area complete with sink, microwave and fridge.

‘There is a separate WC and a bath which has been cleverly designed to be fully hidden from view if required plus a generous storage cupboard/wardrobe.

‘One parking space is available and is set behind the properties private gates offering complete secure parking.

‘This property would be ideal for a working professional looking for a weekday base and who is looking for something which is centrally located and finished to a high standard.

‘All bills are included within the monthly rental.

‘Available on a short or long term basis, please note that for a short term rental the cost would be on a weekly basis.

‘And would be at a higher rental amount than for a long term tenancy – please contact the office directly for verification of the weekly rental.

‘The property is available for rental during Wimbledon Tennis event and is the perfect base for those wanting to be close to the site and have secure parking in addition.’

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Truss made ‘turnips in truck’ Brexit remark about Ireland, former diplomat says

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UK foreign secretary Liz Truss told a US audience three years ago that the impact of a no-deal Brexit on Ireland would only “affect a few farmers with turnips in the back of their trucks,” a former UK diplomat said.

Alexandra Hall Hall, a former Brexit counsellor at the UK embassy in the US, disclosed on Twitter on Tuesday night that Ms Truss made the remarks to a US audience three years ago.

The former career diplomat revealed in an article she wrote in a US academic journal last year that a UK government minister made the remarks but she did not identify the minister at the time.

Last night Ms Hall Hall retweeted a tweet by Ms Truss in which the foreign secretary said the UK government’s “first priority is to uphold the Belfast Agreement” – the 1998 deal that underpins the Northern Ireland peace process. Ms Truss shared a link to her House of Commons speech in which she set out plans to introduce legislation to override the Northern Ireland Brexit deal.

Retweeting the message, Ms Hall Hall said: “So pleased to see Liz Truss become a genuine expert on Irish matters. She was, after all, the minister who told a US audience three years ago that Brexit would not have any serious impact in Ireland . . . it would merely ‘affect a few farmers with turnips in the back of their trucks.’”

‘Under strain’

Ms Truss told the UK parliament that the protocol had put the Belfast Agreement “under strain” because of opposition by Unionist parties, citing this as a reason to plan to introduce new legislation in the coming weeks to scrap parts of the Northern Ireland Brexit deal.

Ms Hall Hall wrote in the Texas National Security Review journal last year that during her time as a diplomat in Washington, DC that Boris Johnson’s government damagingly played down the impact of Brexit on Northern Ireland’s peace process in statements intended for US audiences.

She resigned from her job in late 2019 because she said she was unwilling to “peddle half-truths on behalf of a government I do not trust,” she said in her resignation letter.

In her article last autumn, she described the “turnip” remarks – without naming Ms Truss at the time – as a “low point” of her time in Washington when the UK minister “openly and offensively” in front of a US audience dismissed the impact of a no-deal Brexit on Irish businesses.

Ms Truss, then the UK secretary of state for international trade, was visiting Washington at the time to meet the then US commerce secretary Wilbur Ross and the US trade representative Robert Lighthizer, both members of US president Donald Trump’s administration, and other politicians.

In the academic article, she said he had become “increasingly dismayed by the way in which our political leaders have tried to deliver Brexit, with reluctance to address honestly, even with our own citizens, the challenges and trade-offs which Brexit involves.”

She took issue in the article – entitled: “Should I stay or should I go? The dilemma of a conflicted civil service – with the UK government’s “use of misleading or disingenuous arguments about the implications of the various options” with Brexit.

Ms Hall joined the UK foreign office in 1986 and served in various roles around the world, including in Bangkok, New Delhi and Bogota before serving as British ambassador in Georgia.

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