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Big bonuses help prime UK seaside properties beat the downturn

Super-prime properties in some of the UK's top seaside resorts have bucked the recession and are still commanding prices double that of their urban counterparts, according to a report from estate agent Savills.

Super-luxury properties in the most popular coastal areas, such as Sandbanks in Dorset, Padstow and St Mawes in Cornwall, and Salcombe in Devon, have increased in price by up to 500% over the past 10 years, as a result of record financial service sector salaries and bonuses.

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