Monday 15 November 2010

Rural Poperty Prices Double

Rural property prices double

The price of property in rural areas has risen 96pc in the last decade.

Devon countryside
Photo: RICHARD AUSTIN
House prices in the countryside have doubled in the past 10 years 
Houses in rural areas of the UK have increased in price by an average of £200 a week over the past 10 years. Houses in rural areas have climbed higher in price than their urban counterparts according to research conducted by Halifax.
Homes in towns and cities have increased by 91pc over the same period.
Buyers looking at purchasing a property in the countryside can expect to pay a 20pc premium, compared to one bought in an urban area. This difference has increased over the past decade; ten years ago, buyers in the countryside paid a 17pc premium.