Press Release Summary = Bournemouth is the largest town in Dorset and is well known as a British tourist resort, popular with domestic holidaymakers of all ages. Bournemouth and its immediately surrounding area has a population of just over 380,000 according to the last official census.
Press Release Body = Bournemouth is the largest town in Dorset and is well known as a British tourist resort, popular with domestic holidaymakers of all ages. Bournemouth and its immediately surrounding area has a population of just over 380,000 according to the last official census.
It has an interesting claim to fame in that a recent survey by First Direct Bank concluded that Bournemouth was the happiest place in Britain - 82 per cent of respondents said they were happy with their life.
If recent developments are anything to go by, there could well be even more happiness in the offing for investors in Bournemouth property. Earlier this year the government pledged £8 million in regeneration funds to develop the seafront and pier into a modern day tourist attraction.
As part of the works, Bournemouth will benefit from the first artificial surf reef in the UK, which it is hoped will produce 150 days of surfing a year. The reef will be made out of sand filled geotextile bags and it is expected to boost the fortunes of the Boscombe district, which forms the Bournemouth sea front.
Debra Hickman, a spokesperson for local property broker Bournecoast, said house prices in the Boscombe area are now around £250,000 up to £1,000,000 plus - and set to rise still further with news of the regeneration program,
\"They are spending £8 million on the regeneration, obviously that is going to attract a lot of new people to the area. The surf reef restoration and redevelopment includes tuition facilities, restaurants, open air roof terrace . Boscombe is the main place that people are looking to invest,\" she said.
According to the house price index released last month by the Land Registry, house prices in Bournemouth were 7 per cent higher in July than they were in the same month last year. The average house price was listed as £188,473. The surrounding Dorset area saw a year-on-year price increase of 8.2 per cent, with the average house price being recorded as £232,400.
The news of the town\'s regeneration and subsequent investor interest follows a similar report last week that inner city areas are becoming investment hotspots thanks in part to the amount of regeneration money that central government and other agencies are pouring in to them.
So from the beach in Bournemouth to the refitted tower blocks of London and Manchester, the UK property investor is spoilt for choice at present, with a potential location to suit almost every taste.
2022
