Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

House prices in Moray town soar by 20% in just 12 months

Post Thumbnail

House prices in a coastal Moray town soared by almost 20% between 2014 and 2015.

A new study has revealed that the average price for a home in Lossiemouth increased from £118,330 to £139,297 over the decade.

The 18% rise has been attributed to the “high quality of life” the picturesque town offers buyers.

Last night, Heldon and Laich councillor Allan Wright said the figures were a boost to the seaside town famed for its stunning views across the Moray Firth.

Mr Wright, who is also convener of Moray Council, said: “It’s not just a nice place to live, but there’s a new vibrancy within the town.

“Community groups are driving forward events like the Seafest seafood celebration, which is now in its third year and attracts growing interest.

“And there are ongoing projects that enliven Lossiemouth, such as the annual raft race and the redevelopment of Covesea Lighthouse as a tourist draw.

“The RAF base appears to be going strong, and I believe the town is set for an exciting future.”

The research, which has been carried out by the Bank of Scotland, reveals a national trend towards increasing house prices along the coast.

The bank says the average cost of being beside the seaside has rocketed by more than £40,000 in the last decade.

Fraserburgh has experienced the largest growth of any Scottish town – with prices increasing by 139%.

In 2005, the typical cost of a home in the north-east port was £63,540 but that figure had more than doubled to £151,719 last year – representing a monthly increase of £735.

The bank’s Seaside Town Review panel said seven of the top 10 coastal towns with the biggest price increases over the last decade are in Aberdeenshire.

Experts attribute the statistic to the expansion of the oil and gas sector across much of that period.

The country’s coastal towns which are most expensive to live in are North Berwick, with an average property costing £327,124, and St Andrews, where the average is £302,536.

The Bank of Scotland’s mortgage director, Nicola Noble, said: “Living on the coast offers many attractions, including a typically high quality of life and attractive surroundings.

“Whilst property in seaside towns can be more expensive than elsewhere, exceptional value for money can still be found for those searching to realise their dream of living near the sea.”