Why are people flocking to the seaside. We take a look at Southend-on-Sea which enjoys the fastest price growth outsize London.
It has the longest pier in the world. It reaches out for more than a mile into the Thames Estuary. But Southend-on-Sea is getting known for something else, as its house prices quickly increase rise.
If we take London out, Southend has had the biggest price growth since 2000. It beats Bristol and Cambridge into second and third place respectively. Average prices are up 290 per cent.
According to Land Registry figures, the average property price has grown by £72k to £278k. What explains this uplift? Improved commutability to London, cheaper housing than London, good schools and a beach at the bottom of the road has attracted families from the capital.