l{"id":1211493,"date":"2023-04-05T00:01:18","date_gmt":"2023-04-04T23:01:18","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/"},"modified":"2023-04-05T00:01:18","modified_gmt":"2023-04-04T23:01:18","slug":"salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/","title":{"rendered":"Salcombe locals priced out by most expensive seaside homes in UK"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<p class=\"dcr-n6w1lc\"><span class=\"dcr-3hh6e6\"><span class=\"dcr-wio59t\">\u201cD<\/span><\/span><span class=\"dcr-n6w1lc\">on\u2019t hate me,\u201d said Theo Spink of the view from her office on Tuesday afternoon, \u201cbut the sun is shining, there\u2019s a gentle breeze, people are arriving for Easter, eating ice-cream. It\u2019s all rather charming.\u201d<\/span><\/p>\n<p class=\"dcr-n6w1lc\">If the town of Salcombe, situated on the neck of a narrow estuary in south <a href=\"https:\/\/www.theguardian.com\/uk-news\/devon\" data-component=\"auto-linked-tag\" data-link-name=\"in body link\">Devon<\/a>, sounds idyllic, that is because \u201cit really, really is\u201d, she said. \u201cWhen the sun shines, you could be in the Mediterranean. It is that beautiful.\u201d<\/p>\n<p class=\"dcr-n6w1lc\">As a local estate agent, Spink has other reasons to be cheerful this week. According to new figures from Halifax, Salcombe is now home to the most expensive seaside properties in Britain, displacing the millionaires\u2019 favourite: Sandbanks in Dorset.<\/p>\n<p class=\"dcr-n6w1lc\">The average Salcombe <a href=\"https:\/\/www.theguardian.com\/money\/houseprices\" data-link-name=\"in body link\">house price<\/a> last year reached \u00a31,244,025, compared with a national average of \u00a3344,185. The tiny spit of land that makes up Sandbanks may be home to <a href=\"https:\/\/www.dailymail.co.uk\/property\/article-11834935\/Bungalow-sold-13-5M-one-expensive-properties-sold-Sandbanks.html\" data-link-name=\"in body link\">some of the most expensive properties<\/a> per square foot in the world, but its overall average price last year was considerably lower than its Devon neighbour, at just over \u00a3950,000.<\/p>\n<p class=\"dcr-n6w1lc\">This is not a market being driven by locals. While <a href=\"https:\/\/southhams.gov.uk\/article\/9415\/Council-Votes-Unanimously-to-Adopt-100-Council-Tax-Premium-on-Second-Homes\" data-link-name=\"in body link\">one in 12 of all properties<\/a> in the local South Hams area are second homes, according to the district council, in some coastal spots such as Salcombe that figure is much, much higher. \u201cI\u2019d have thought perhaps 80% of our sales are to second home owners, people looking for holiday homes or lets,\u201d said Spink, who is the retail sales director of local agents Luscombe Maye. It is marketing a <a href=\"https:\/\/luscombemaye.com\/property\/south-sands-salcombe-10\/\" data-link-name=\"in body link\">two-bed beachfront penthouse<\/a> with estuary views at \u00a32.6m.<\/p>\n<p class=\"dcr-n6w1lc\">Prices in Salcombe have risen 123% in a decade and an astonishing 33% in a year \u2013 but in some locations the jump has been even steeper. Yarmouth, on the Isle of Wight, recorded a 53% leap in average prices to \u00a3611,000 in the year from 2021-22, according to Halifax, and prices in towns including Aldeburgh in Suffolk, Campbelltown in Argyll and Bute, and Padstow in Cornwall all rose by more than 40%.<\/p>\n<p class=\"dcr-n6w1lc\">These are <a href=\"https:\/\/www.theguardian.com\/money\/2023\/jan\/18\/second-home-owners-are-decimating-cornish-villages-thats-baits-message\" data-link-name=\"in body link\">familia<\/a><a href=\"https:\/\/www.theguardian.com\/commentisfree\/2022\/nov\/15\/second-homes-hollowing-out-welsh-communities-language-decline\" data-link-name=\"in body link\">r problems<\/a> for picturesque communities, but the solutions are not obvious. South Hams council declared a housing crisis in 2021 and councillors voted unanimously last year to back a policy where council tax on second homes would be charged at double the usual rate. <a href=\"https:\/\/www.theguardian.com\/uk-news\/2023\/apr\/01\/tougher-second-homes-regulations-come-into-force-in-wales\" data-link-name=\"in body link\">Unlike in Wales<\/a>, however, where local authorities can charge council tax premiums of up to 300% on second homes, English councils are awaiting extra powers being considered under the government\u2019s <a href=\"https:\/\/bills.parliament.uk\/bills\/3155\" data-link-name=\"in body link\">local government and levelling up bill<\/a>.<\/p>\n<p class=\"dcr-n6w1lc\">\u201cAffordability is an issue that the council has been raising at a local and national level and it is particularly prevalent in our coastal communities,\u201d South Hams council said in a statement. \u201cWe have taken significant steps to try and address the issue and will continue to actively seek solutions.\u201d<\/p>\n<p class=\"dcr-n6w1lc\">Julian Brazil, the Liberal Democrat opposition leader on the district and county councils, said: \u201cThe problem is that the key workers \u2013 and in that I include not just the teachers and the nurses and the care workers, but also the cleaners and the dustman and the postmen and basically everyone that keeps it going \u2013 just cannot afford to live down here.<\/p>\n<p class=\"dcr-n6w1lc\">\u201cIn the winter, in February, you\u2019ll look across at Salcombe, and there aren\u2019t any lights on. A group of thriving pubs used to host a lively games league in the town, all of which is now gone,\u201d he says. \u201cThat\u2019s a slightly flippant example [of how] the vitality is drawn out by the fact you don\u2019t have people there all year round. So many of the traditional things that you would have done just no longer happen.\u201d<\/p>\n<p class=\"dcr-n6w1lc\">The ability to charge extra council tax would raise important sums for the council, though he also points to a tax loophole that he says has allowed 1,900 second homes in the area to switch to business rates and pay no council tax at all. What it would not do, he says, is deter the area\u2019s super-rich second home buyers: \u201cIt costs them more than that to fill their boat up with petrol. It\u2019s peanuts to these people.\u201d<\/p>\n<p class=\"dcr-n6w1lc\">Beth Hillier, owner of a \u201ccoastal beach lifestyle shop\u201d called Aloft, can see both sides of the issue: businesses struggle to find staff, she says, parking is a problem and those who work in the town frequently have to commute from elsewhere.<\/p>\n<p class=\"dcr-n6w1lc\">For those who visit, however, she thinks Salcombe\u2019s exclusivity is part of its appeal. \u201cIt\u2019s an expensive place to be and that\u2019s what the attraction has been.<\/p>\n<p class=\"dcr-n6w1lc\">\u201cIt\u2019s this little unknown spot that people have discovered over the years [with] a very tasteful, relaxed pace of life. I do think people like the feeling that they\u2019re somewhere expensive, and it\u2019s just got that sort of very relaxed vibe where people stopped life and got off the treadmill for a week.\u201d<\/p>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cDon\u2019t hate me,\u201d said Theo Spink of the view from her office on Tuesday afternoon, \u201cbut the sun is shining, there\u2019s a gentle breeze, people are arriving for Easter, eating ice-cream. It\u2019s all rather charming.\u201d If the town of Salcombe, situated on the neck of a narrow estuary in south Devon, sounds idyllic, that is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[23],"tags":[],"class_list":["post-1211493","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph\" \/>\n<meta property=\"og:description\" content=\"\u201cDon\u2019t hate me,\u201d said Theo Spink of the view from her office on Tuesday afternoon, \u201cbut the sun is shining, there\u2019s a gentle breeze, people are arriving for Easter, eating ice-cream. It\u2019s all rather charming.\u201d If the town of Salcombe, situated on the neck of a narrow estuary in south Devon, sounds idyllic, that is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk\" \/>\n<meta property=\"og:site_name\" content=\"Business Telegraph\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-04T23:01:18+00:00\" \/>\n<meta name=\"author\" content=\"businesstelegraph\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"businesstelegraph\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/\"},\"author\":{\"name\":\"businesstelegraph\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\"},\"headline\":\"Salcombe locals priced out by most expensive seaside homes in UK\",\"datePublished\":\"2023-04-04T23:01:18+00:00\",\"dateModified\":\"2023-04-04T23:01:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/\"},\"wordCount\":825,\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/\",\"url\":\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk\",\"name\":\"Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph\",\"isPartOf\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#website\"},\"datePublished\":\"2023-04-04T23:01:18+00:00\",\"dateModified\":\"2023-04-04T23:01:18+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.businesstelegraph.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Salcombe locals priced out by most expensive seaside homes in UK\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#website\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/\",\"name\":\"Business Telegraph UK\",\"description\":\"business, tech and industry news\",\"publisher\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.businesstelegraph.co.uk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#organization\",\"name\":\"Business Telegraph UK\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png\",\"contentUrl\":\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png\",\"width\":500,\"height\":177,\"caption\":\"Business Telegraph UK\"},\"image\":{\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78\",\"name\":\"businesstelegraph\",\"url\":\"https:\/\/www.businesstelegraph.co.uk\/author\/businesstelegraph\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk","og_locale":"en_GB","og_type":"article","og_title":"Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph","og_description":"\u201cDon\u2019t hate me,\u201d said Theo Spink of the view from her office on Tuesday afternoon, \u201cbut the sun is shining, there\u2019s a gentle breeze, people are arriving for Easter, eating ice-cream. It\u2019s all rather charming.\u201d If the town of Salcombe, situated on the neck of a narrow estuary in south Devon, sounds idyllic, that is [&hellip;]","og_url":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk","og_site_name":"Business Telegraph","article_published_time":"2023-04-04T23:01:18+00:00","author":"businesstelegraph","twitter_card":"summary_large_image","twitter_misc":{"Written by":"businesstelegraph","Estimated reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#article","isPartOf":{"@id":"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/"},"author":{"name":"businesstelegraph","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78"},"headline":"Salcombe locals priced out by most expensive seaside homes in UK","datePublished":"2023-04-04T23:01:18+00:00","dateModified":"2023-04-04T23:01:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/"},"wordCount":825,"publisher":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#organization"},"articleSection":["Real Estate"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/www.businesstelegraph.co.uk\/salcombe-locals-priced-out-by-most-expensive-seaside-homes-in-uk\/","url":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk","name":"Salcombe locals priced out by most expensive seaside homes in UK - Business Telegraph","isPartOf":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#website"},"datePublished":"2023-04-04T23:01:18+00:00","dateModified":"2023-04-04T23:01:18+00:00","breadcrumb":{"@id":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theguardian.com\/society\/2023\/apr\/05\/locals-priced-out-salcombe-seaside-homes-most-expensive-uk#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.businesstelegraph.co.uk\/"},{"@type":"ListItem","position":2,"name":"Salcombe locals priced out by most expensive seaside homes in UK"}]},{"@type":"WebSite","@id":"https:\/\/www.businesstelegraph.co.uk\/#website","url":"https:\/\/www.businesstelegraph.co.uk\/","name":"Business Telegraph UK","description":"business, tech and industry news","publisher":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.businesstelegraph.co.uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.businesstelegraph.co.uk\/#organization","name":"Business Telegraph UK","url":"https:\/\/www.businesstelegraph.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png","contentUrl":"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/03\/business-telegraph-LOGO.png","width":500,"height":177,"caption":"Business Telegraph UK"},"image":{"@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.businesstelegraph.co.uk\/#\/schema\/person\/0a3a6a0f58402f1f2af94e02d0987b78","name":"businesstelegraph","url":"https:\/\/www.businesstelegraph.co.uk\/author\/businesstelegraph\/"}]}},"_links":{"self":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts\/1211493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/comments?post=1211493"}],"version-history":[{"count":0,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/posts\/1211493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/media?parent=1211493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/categories?post=1211493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businesstelegraph.co.uk\/wp-json\/wp\/v2\/tags?post=1211493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}