Friday, April 28, 2023

Beach hut asking prices rising by up to 100% a year

We're heading into beach hut silly season stories again in the media with The Sun and Daily Mail both reporting gleefully that five huts at Mudeford have gone on sale for a combined £2.1m. While this seems preposterous, new figures from digital home information pack provider Moverly indicate that the average asking price for a beach hut has risen by 43% over the last 12 months.

Their report shows that a typical beach hut is currently on the market for £49,290, but in Dorset beach hut inflation is now at at 101% and you'll need to find an average of £123,524 from down the back of the sofa to buy one. After Dorset are Kent and Essex with average prices at £42,257 and £42,008 respectively.

In terms of the highest annual rate jumps, West Sussex is in second spot with the average asking price of a beach hut leaping 77% in the last year. Norfolk is third (48%), then East Sussex (42%) and Hampshire (25%).

Ed Molyneux, Moverly co-founder, said: “While the rest of the UK property may be slowing under the pressure of economic uncertainty, it certainly doesn’t seem to be impacting the appetite for the Great British beach hut, with the average price tag having shown positive growth across all areas of the market over the last year.

“Beach huts continue to command an extremely healthy price given their rather modest offering and this is down to their seaside adjacent location, as well as the finite level of stock available on the market to prospective buyers.”


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