A SURVEY has revealed Buckhaven is the cheapest seaside town in Scotland to buy a house.
According to the latest Bank of Scotland Seaside Towns Review, house prices in the Levenmouth town are, on average, 2.26 times local average earnings.
In 2010, the average price of a Buckhaven house came in at £64,855 – a whopping £240,000 less than the most expensive seaside town of North Berwick.
Local agent Stewart Filshill from Your Move said: “It’s a great time to buy in the area.
“People are able to buy a two-bedroom house just now for the price of a two-bed flat three years ago, which is more of a reflection of the market as a whole rather than a reflection of the desirability of Buckhaven itself.
“Buckhaven has a lot of good places to stay and demand is as strong as other areas in Levenmouth.“
He added: “Historically, the area has always been a good place to buy a property because you get good value for money and I reckon it’s a good long term investment, thanks to new jobs at Diageo and BiFab.
So could Buckhaven turn into an East Neuk-type bolthole for holiday home hunters?
“I think that’s just wishful thinking,” said Mr Filshill, who admitted the notion left him a little speechless.
“The survey has not generated an uplift of enquiries here from potential customers looking for a bargain,” he explained.
“Second home properties are quite slow across the board at the moment, even in popular East Neuk locations. There’s still activity but less than there has been in the past.”
Meanwhile, the survey paints a rather more expensive story in other Fife seaside towns.
St Andrews is the most expensive seaside town in the Kingdom with houses fetching on average £299,606 followed by Crail where a house costs almost eight times the local average earnings.