New findings from Knight Frank’s Waterfront Team have revealed that waterfront properties in the UK are worth an average of 70% more than their inland counterparts.
The largest waterfront premiums in the country were commanded in the South West, closely followed by the South East and East Anglia.
Elsewhere, harbour properties experience a premium uplift of about 91%, while properties located next to a river have an additional value of 67%. Lakeside homes enjoy an average uplift of 40%.
“Since the election, we have seen a positive rise in activity in the waterfront market,” Christopher Bailey, Head of Knight Frank’s Waterfront Team, commented.
“It would appear that a number of cash buyers at the higher end of the waterfront market have been waiting to see the outcome of the election and in particular whether a Mansion Tax would manifest itself. The outcome has increased the confidence of waterfront buyers at the higher end of the market where we have seen properties exchanging relatively quickly with competitive bidding and sometimes above the guide price.”