Thursday, July 18, 2024

Beach huts now averaging £123,000 sale price

New figures from specialist booking service BeachHuts.com suggest that beach huts leapt in value by just over 100% between 2022 and 2023 in some coastal areas, costing just ove £123,500 on average.

Lily Smith, a travel and holiday expert from the  BeachHuts.com, said: "Our latest research has revealed huts and chalets are now soaring in popularity as the sunbather's equivalent to glamping. It's not only sixtysomethings, nostalgic for their 1970s childhoods. Our research has revealed the average age of beach hut users has plummeted in recent years as increasing numbers of young people realise the attractions of a home-from-home by the sea."

The Economist has also this week been asking the question 'Why are British beach huts so expensive?' and offers the dual conclusion that scarcity and sentimentality drive the market. Here's a snippet:

Why spend so much for a shack on the sand? Supply is very restricted, for one. Local councils limit the construction of new ones, so as not to spoil the view. Huts rarely come onto the market: they are handed down between generations and become yearly meeting places for communities of families. Ask owners, though, and they’ll also use words like “quintessential” and “iconic”, describing beach huts as part of the fabric of Britain’s history.

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