Britons pay £178,000 more to buy property in popular staycation spots - cheapest to most expensive locations
The Cotswolds has the biggest premium of all staycation spots
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The Cotswolds, Dorset and the Scottish Highlands are much-loved holiday hotspots so it is no surprise people want to live there.
However, buying a property in these areas often comes with a premium and research has shared the cheapest and most expensive places to buy.
The Cotswolds has the most expensive properties of all the holiday hotspots analysed by Regency Living.
The average property costs £496,768 - a whopping 56 per cent (£178,545) higher than properties in the wider region which sits at £318,223.
Properties in Dorset were among the most expensive on the list
PAAverage house price in holiday hotspots (difference between wider regional average price)
The Cotswolds - £496,768 (+56%)
Dorset - £346,887 (+9%)
Devon - £326,363 (+3%)
Cornwall - £299,100 (-6%)
Yorkshire Dales - £273,921 (+40%)
Isle of Wight - £269,292 (-28%)
Peak District - £225,398 (-2%)
Snowdonia - £204,295 (-5%)
Scottish Highlands - £203,076 (+6%)
Lake District - £195,322 (-10%)
While buyers in many of the destinations pay a premium for their properties, some locations are surprisingly cheaper to buy than the general area.
Properties in the Isle of Wight are 28 per cent cheaper than those in the wider region, and Lake District properties are 10 per cent lower.
Buyers looking in the Cotswolds will fork out the most, closely followed by Dorset (£346,887) and Devon (£326,363).
The Cotswolds also had the highest buyer demand as 46.4 per cent of homes listed have already found a buyer.
This was followed by properties in the Scottish Highlands, where 43.6 per cent of listed homes have a buyer and Dorset, at 42.9 per cent.
A Regency Living spokesperson said: "We’re incredibly lucky to have a wealth of outstanding holiday hotspots across Britain and whilst many of us may visit them temporarily, there’s a great deal of us that are also lucky enough to call them home, and a great deal more who make their move to such locations in later life.
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The Lake District was the most affordable of all staycation hotspots
PA"This is largely down to the lifestyle benefits they offer, with a slower pace of life, tight-knit communities and the health benefits of living in beautiful coastal or rural locations.
"Of course, high demand does mean that many of these areas command a hefty house price premium, but this isn’t always necessarily the case. For example, the average cost of a home on the Isle of Wight is considerably lower than the wider regional average.
"However, if island life isn’t for you, there is an alternative way of getting an affordable foot on the ladder in a holiday hotspot.
"For example, the average price of a residential park home in the Cotswolds is 61 per cent more affordable than the cost of the average bricks-and-mortar home, meaning you can reap all the benefits of living there, without the financial burden of a sizable mortgage.”
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