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The seaside town that banned rich people from London buying their second homes there
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Can we? We Sherkin! | Cork Independent
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However, this is by no means a local phenomenon.
An estimated 53,700 households have moved from the city to the countryside in the past year according to Hamptons International and it is going on nationwide. I d say one-in-ten buyers bid blind now, says Jo Ashby, of John Bray estate agents who sell property in north Cornwall. Many know the area from holidaying here, but they ll bid for a house without having viewed it.
In Pembrokeshire, where prices do not compare to the south-west peninsular, the story is the same. Buying unseen has been going on constantly in West Wales since the first lockdown, says Carol Peett, of West Wales Property Finders.
Estate agents are falling over themselves to talk up the growing demand for beach houses.
Sheltered among the sand dunes and the marram grass, they are some of the most sought-after homes on the market. I recently had a client with £3 million to spend on one, says estate agent Jason Stubbs, whose company covers the coast between East Sussex and Kent.
At a premium: Homes on Iona in the Inner Hebrides. Beach house lettings get eye-watering returns, especially post Covid When I told him there were none for sale, he said he d go to £6 million, just to have a beach-top position.
A shore bet: Beachfront homes will reap healthy returns
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