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Actually it won't, as there is relatively little ocean-side property to affect in the first place. With the exceptions of a few coastal towns like Scheveningen, property development is illegal along the coast as it would hinder future coastal protection. Consequently private ownership of coastal area is also unheard of here. Because there are no buildings on them, the most cost effective way of improving our coastal defences is relatively easy and low-tech: just add more sand to the dunes and beaches.
And as a side-benefit, we have a beautiful coastline for taking walks or bike rides.

Michaël Dudok de Witt's Father and Daughter[0] shows this beautifully (and, incidentally, depicts a polder being reclaimed from the sea over the years)

[0] https://vimeo.com/48076471

I think their value will increase at first as they will be closer to the water, right before plunging, no pun intended.