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House prices in Scottish seaside towns

House prices have more than doubled in three seaside towns on Scotland’s north-east coast since 2004, according to the latest research from Bank of Scotland.

Macduff and Fraserburgh in Aberdeenshire recorded the biggest rises over the past eight years with the average house price increasing in both by 123%. The average price in Macduff is now at £130,025 and £119,425 in Fraserburgh. Cove Bay in Aberdeen recorded the next largest rise with an increase of 105% during the same period.

A further 18 coastal towns recorded price increases of at least 50%. They include Montrose (82%), Campbeltown (80%), Peterhead and Banff (both 79%). Since 2004, the average house price in seaside towns rose by 36%; slightly lower than the 38% increase in the whole of Scotland.

There is a marked East-West divide in house prices in Scottish seaside towns. Seven of the ten most expensive are on the eastern coastline. North Berwick is the most expensive seaside town in Scotland with an average house price of £309,676. St. Andrews is the second most expensive with an average price of £277,344, followed by Crail (£209,688) and Stonehaven (£197,530).

On the other hand, six of the ten least expensive seaside towns are in western Scotland. They include Greenock (£85,212), Girvan (£85,961), Irvine (£89,727) and Ardrossan (£91,052). However, the least expensive seaside town in Scotland is Buckhaven on the east coast with an average house price of £68,350.