The stunning UK seaside town known as ‘Devon’s Dubai’ | UK | News
Sleepy England coastal town Salcombe, after having a large explosion of property, nicknamed “Devon’s Dubai”. The luxury town, also known as Chelsea-on-Sea, began to gain popularity during Covid Pandemia when people had to work from home and decided to get out of cities.
Strutt and Blair Stewart from Parker said he sold property for £ 2,000 per square meter at some point – the same price as Knightsbridge. Daily Mail told Mail: “Covid turned everything into his head. It was a nutrition madness. Before the property was released, I was doing 50% of my sales. This was a fluctuation, a big new receiving raid and Goldrush.
“The market was really strong for the second houses and we saw a 25% price splashing in 2020.
“There were well -known people descending by helicopter.
“I don’t know anywhere else in the UK, the closest thing I can compare it, when I work there, the buzz in Dubai.”
Salcombe was named the most expensive coastal town in England in 2023 and 2024 and defeated the famous Sandbanks in Dorset.
In 2022, the average housing prices in the region were roughly £ 1.2 million. However, last year, the number fell to £ 816.303.
According to Rightmove data, detached properties were sold for £ 923.115 and apartments for £ 853.147. This is a significant decrease of 18% and 35% from the summit of 18% compared to the previous year.
Charlie Heath, Director of Marchant Pettit, and Salcombe -based Charlie Heath added: “We have experienced an extraordinary rise from 2020 to 2023, and its equivalent normally spread over five to six years.”
