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Oh, we do like to retire beside the seaside

26th October 2005 | back to article listings BACK    print this article PRINT

From the early 19th century through to the early 1980's, the British seaside was the retirement location of choice for the British, drawn by the healthy climate, hospitable guesthouses, like-minded people and the sea.

This ended as traditional seaside resorts declined in the 1970's however, once the average British holidaymaker realised they could now afford a Thompson package to the guaranteed sunshine of Spain.

The British coast seemed to be entering terminal decline as retirees began to opt for the better facilities to be found in towns and cities, abandoning the rusting railings and cheerless abandoned promenades to their fate.

The decline has proved anything but terminal. Just as well heeled holidaymakers are now rediscovering the pleasures of the British coastline, so the nations retirees are once again opting for the deck chairs and donkey rides of the Victorian resorts.

So popular are they proving to be that most of the top ten retirement spots are on the coast, with Skegness, even allowing for a stiff North Sea wind, a comfortable favourite. The poll, carried out by over 50's magazine Yours, showed other sea side spots such as Llandudno, the Shetland Isles, Exmouth, and Poole close behind.

"The attractions of Devon and Cornwall and the like remain strong," Suzanne Revell of Churchill Retirement Living told the Independent.

"The coast remains a really popular choice. A lot of people like to retire to where they have friends that they may have made on holiday, or where they have good memories of summer breaks earlier in their life," she added.

Alongside many retirement home providers, Churchill Retirement Living is expanding its building programme around seaside towns, and mainstream homebuilders such as Savills and Banner Homes are entering the market.

Retirement homes have consistently stayed ahead of the general market, with price increases of 11.53 per cent in the first half of 2005 says estate agent Retirement Homesearch, as an aging population buoys demand.

"For many years, we've seen retirement property increase significantly, often at a faster rate than the general market, due to the increasing demographic demand. This is excellent news for existing retirement property owners and represents a good investment opportunity for potential purchasers," says Martin James, of Retirement Homesearch.

Build and fitting quality has also improved, with a knock on effect on prices. Examples of the latest projects under development include Savills development at Sheringham House, featuring two, three and four bedroom properties with underground parking, snooker room and indoor swimming pool, from £325,000.

Other typical projects such as 'The Terrace' a Banner Homes development in Southampton are currently retailing between £245,000 and £360,000.

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