UK Property Shop Moving Location Index for 2006
Newquay in Cornwall is the UK's favourite place for buying property, according to the
UK Property Shop Moving Location Index for 2006.
The league table of top 100 locations is dominated by seaside and coastal towns, with Cornwall and Devon the nation's favourite Counties.
London is generally not as popular as might be expected, with more people wanting to move out of the capital than those trying to move in. The excessive property prices are due to its strong internal market, topped up by a relatively small number of exceptionally wealthy buyers who are only interested in the finest quality homes.
Cosmopolitan Aberdeen and the popular seaside resort Scarborough feature as the second and third favourites, but what most of these top locations have in common can be simply summed up as "lifestyle". Newquay has obvious attractions as a traditional seaside resort and is now the surfing capital of the country, with a supporting infrastructure of bars and clubs, bringing a new style of holiday maker to the area. The local property market here and in other similar locations is boosted by those seeking holiday homes, including many that double as buy-to-let investments, as well as retirees aspiring to a more attractive environment and a different way of life.
The urge to move away from crowded cities to coastal locations is a pattern that is repeated month after month. It is therefore unsurprising that prices for prime locations - especially with a water or sea view - are now at record levels.
