Estate agent comparison site, GetAgent.co.uk, revealed seaside towns have the highest level of performance compared to the rest of the market both annually and throughout the pandemic.
In the research, house price data across 60 UK towns that fall within six categories - seaside, new, market, historic, university, and manufacturing - were analysed.
The figures show that seaside towns have a current average of £340,339, making them home to the highest current property values.
They have also experienced the largest annual increase at 13.2% and since the pandemic they have risen by 21.2%.
Other towns that experienced commendable house price uplifts include new towns which had an 11.4% uplift, market towns rose by 11.2% and historic towns increased by 10.9%.
Market towns performed well during the pandemic as they experienced a 19.4% rise. Historic towns rose by 19.3% during this time. Yet house price growth across university towns (16.2%) and new towns (15.9%) was not as high.
Although manufacturing towns only experienced an 8.6% rise in terms of house price performance, pandemic house price performance show manufacturing towns have seen house prices climb by 20.6%.
Founder and chief executive officer of GetAgent.co.uk, Colby Short, concludes: “While the worst of the pandemic is hopefully behind us, its influence on the property market still remains, with seaside and market towns, in particular, remaining incredibly popular amongst homebuyers who have come to value the slower pace of life and benefits associated with more rural and coastal locations. “
“Of course, this popularity has resulted in a sustained level of house price appreciation across these areas of the property market and so those looking to buy in such an area will now pay between £50,000 to £60,000 more on average when compared to pre-pandemic market values.”