Economy
Probably due to its popularity for pleasure such as sailing and yachting, Salcombe has the second highest property prices in the UK outside of central London (after Sandbanks, Poole). Many of the shops, bars and restaurants in the town, especially towards the waterfront, cater for a predominantly well-off, fashionable and nautically-inclined clientele, with prices to match. There are many clothes shops and art galleries. Salcombe has hotels and bed and breakfast establishments as well as self-contained apartments and houses.
Salcombe has a number of boatyards and marine stores, while boats are stored on the carpark by the fishing quay during the winter. There is a sailing school run by the Island Cruising Club, based on the ex-Mersey ferry "Egremont" moored in the estuary. There is also a power boat school and SCUBA diving is popular. The town and yacht club regatta weeks are one of the main features of the summer season. There are races for dingies and yachts as well as crabbers in addition to other activities. Salcombe Estuary Rowing Club is a member of the Cornish Pilot Gig Association and takes part in races around the south west.
Fishing is still carried out at Salcombe, mostly of shellfish. About 2,000 tons a year were landed between 1986 and 1990.
Salcombe has some celebrity residents, including Sir Clive Woodward, Kate Bush, Sir Michael Parkinson, members of Led Zeppelin, the England Rugby prop Julian White who played mini-rugby and Under 16's for Salcombe was also born in this area. Properties with estuary or sea views can fetch between £1 million and £5 million and some rent for as much as £12,000 a week in the high season
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)