1. Are you buying it because you love the Five Towns area and not as an investment ? or

2. Are you buying because you feel the property prices will appreciate in the Five Towns area ?

Now, if you want to buy a luxury waterfront property in Five Towns because you just love the area and do not need to worry whether the property prices will go up or down, then all you might have to do is find a property that fits your budget and suits your tastes ...

But if you want to buy a luxury waterfront property in Five Towns because you feel the property prices may appreciate, then you might want to consider the following factors that influence the prices of property in any region -

1. The number of new jobs being created - The number of new jobs being created in a region may indicate that direction property prices may move in ... if lots of high paying jobs are being created in a region, then property prices may most possibly be on their way up.