Anglesey is officially one of the hottest coastal locations in the UK, with property prices skyrocketing as competition for space in the beauty spot intensifies.

Property prices in Amlwch and Menai Bridge are rising faster than places such as Padstow and St Ives in Cornwall and Ramsgate in Kent according to data from Lloyds Bank.

But the bank has warned that rapidly rising prices and the challenge of second home ownership in coastal areas is having a significant impact on affordability for local first-time buyers. 

Average house prices in Amlwch have risen 100% over 10 years, from £127,342 in 2013 to £255,189 in 2023.

Similarly Menai Bridge has seen a 93% increase, from £196,979 to a whopping £379,472.

Across the UK only Margate in Kent has seen property prices increase faster then Anglesey over the last decade. 

In the last 12 months alone Menai Bridge has seen average prices increase by 28%, placing it second behind Invergordon in the Scottish Highlands.

Despite this Anglesey does not feature on the list of most expensive locations.

Salcombe in Devon is the UK's most expensive coastal town, with an average house price of £970,657, followed by Sandbanks (£957,739) and Padstow (£701,979). 

No Welsh towns appear in the either the top 10 or the 10 cheapest coastal towns. The remote island of Rothesay in Scotland was the cheapest location revealed, with average house prices there a mere £101,477.

For places like Anglesey the surging popularity of coastal properties is driving a rate of increase that Lloyds' Head of Mortgages Amanda Bryden says may push first-time buyers out of their local market.

“Sea views, sandy beaches, brisk morning dips – it’s easy to see why coastal living is so desirable," she said. 

“These pricier areas can result in a lack of affordable homes for first-time buyers, a problem often exacerbated by high levels of second home ownership, meaning that many who have grown up in the area may find themselves priced out of owning their own home locally.”