Carbis Bay property searches double in a day

  • The number of people searching for property in the G7 Summit location of Carbis Bay has more than doubled in a day as home-hunters check out the area currently on the global stage
  • The average asking price of a home in Carbis Bay is £384,243, which is 6% higher than a year ago, although some beachside homes can cost upwards of £1 million
  • Cornwall maintained its position as the most searched for place on Rightmove in May, and the coastal county of Norfolk made it into the top ten for the first time since 2017
  • Over the past week searches for popular seaside locations such as West Wittering in Sussex have surged as people long to live by the sea

The area currently hosting the G7 summit has attracted double the amount of interest from home-hunters in one day, according to newly released data from the UK’s biggest property website Rightmove.

Buyer searches for Carbis Bay were up 103% on Wednesday 9th June compared with the previous day. The coastal village has an average asking price of over £384,000, which is more than £50,000 higher than the Cornwall average of £331,655, and beachside homes are currently for sale for up to £3 million.

Back in February, Cornwall replaced London as the most searched-for place on Rightmove and it maintained its number one position in May. Other coastal counties of Norfolk and Dorset are also in the top ten.

In February 2020, before the pandemic started, Norfolk was in position 16, and it is the first time that Norfolk has made it in to the top ten since 2017, at position eight. The average asking price of a home in Norfolk is £285,400.

Dorset has climbed from position 20 in February 2020 to number nine in May of this year. The average asking price of a home in Dorset is £371,242.

Over the past week, the areas seeing the biggest jump in searches have all been coastal locations. West Wittering in Sussex saw searches jump by 43%, followed by Camber with a jump of 35%.

Rightmove’s Property Expert Tim Bannister says: “All eyes are on Carbis Bay right now, and with supply so limited, coupled with the price premium for the county and the fast pace of sales, it’s only a lucky few who will be able to move there, but thousands of others are checking out what’s on offer.

“With the sun finally coming out in Britain over the past week people have been using their holidays as a time to find out what’s for sale in a number of tourist locations, and some will decide that now is the time to make a move to live beside the sea. Interest from potential buyers in coastal areas has increased significantly over the past year, with Cornwall now the most searched for place on Rightmove, and there are a large group of people considering a coastal relocation for a different lifestyle.”

Agent’s view

Vicky Twydell, Sales Negotiator at Bradleys Estate Agents in St Ives, says: “Right now it’s like being on a movie set, and it’s great to see the place under the global spotlight. We’ve seen a huge amount of demand for homes here, especially those that have a sea view. People like to come to Carbis Bay because it’s usually a lot quieter than St Ives, and we’ve had people from other areas moving here for a change of lifestyle now that they’re able to work from home more often. Our homes in the Azure development have been selling remarkably quickly and we only have two left, but there are homes of all price ranges getting interest from multiple buyers. We’ve had interested buyers hoping to view properties over the next few days but they’ll have to wait a little while until the summit is over.”

Homes for sale in Carbis Bay:

Three bedroom home, £850,000

https://www.rightmove.co.uk/properties/80270808#/

Two bedroom bungalow, £375,000

https://www.rightmove.co.uk/properties/108437507#/

 

Location Increase in weekly searches
West Wittering, West Sussex 43%
Camber, East Sussex 35%
Sandbanks, Dorset 33%
Portscatho, Cornwall 29%
Seaview, Isle Of Wight 38%

 

Most searched for buyer locations on Rightmove

May 2021

Cornwall
London
Devon
Bristol
Glasgow
Sheffield
York
Norfolk
Dorset
Edinburgh

 

 

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