Hot property on the waterfront
Water frontage and direct access to the sea can add as much as 100 per cent to the value of a home, according to this article in the FT. “Houses with stunning water views offer the trophy view above all others, and can add as much as 25 to 50 per cent to a property’s value – even though sometimes the best views are from houses set back from the ‘frontline’,” says James Greenwood, managing director of the property search company Stacks. The article tips five of the best in the world.
One has to ask what exactly the vendors are selling – it is certainly nothing any of them have produced by their own efforts.