Developers in the UK’s ‘surf capital’ relish boom times
There are two conspicuous sounds linked with the Newquay’s Cornish resort at the moment - the clang & clatter of heavy machinery and the crashing of surf. Developers in the UK’s ’surf capital’ are experiencing boom times even while their counterparts in other parts of the country are gloomily pondering what the New Year has in store for them.
The vastly improved transport links to north Cornwall, along with the ever-growing popularity of surfing, has started a race to construct new and more swish apartments. Two penthouse apartments here have just been sold off for over £1m, amid speculations that David Beckham was considering to invest.
Such is the rapid pace of developments no one seems sure just how many new constructions are coming up. The closest guess is at least 1,400 properties are either going through the planning stage or are under construction.
According to land director with the Acorn Property Group (for the south-west), Stuart Brereton, well-to-do, young people are very keen on investing not just in bricks and mortar but also in the sizzling surf lifestyle that generates nearly £42m for Cornwall’s economy every year.