Rural regions see property price rise akin to urban areas

on Mar 17, 2015
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For anyone looking to make a real estate investment and take advantage of a quiet life in the English countryside, now could be the time to do it. Property price rises in the rural areas of the country are almost neck and neck with those of urban properties, according to the latest research by Zoopla. The property website confirms that urban areas across England have seen an annual price rise of 5.7 percent, whilst rural regions have increased by 5.1 percent. This brings the average house price of a countryside property to £264,338.

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However, buying a home in the countryside often means paying a significant premium over the price of a property in a town or city in the same region. Owning a rural property in the West Midlands, for example would mean paying a premium of 43.5 percent, the highest in England. Gerrards Cross in Buckinghamshire claims the title of most expensive rural location to live in, with the average home costing £817,376, up 5.34 percent from last year.
Rural homes in the East of England have seen the strongest rise in value over the past year, with prices climbing by 6.5 percent. The South East follows closely behind with a six percent increase in value. This essentially means that if you’re looking to invest in property in the countryside of the South East, you can expect to pay about £66,100 more than if you were to live in an urbanised area.
Speaking of which, properties in cities and towns across both the East and South East of England also experienced the highest annual price growth, coming in at 7.5 and 6.7 percent respectively, placing the capital city in third position with a 6.5 percent increase. However, the district of Kensington and Chelsea in London holds the title of most expensive urban location, with a property there averaging out at a cost of £2,654,512.
Lawrence Hall of Zoopla said: “Urban areas had a head start in the housing recovery with demand propped up predominantly by employment opportunities. This drove price growth in these economic hubs and left countryside markets by the wayside.
It would seem that the countryside is now becoming a favourable location for many potential investors, though. And with house prices across England strengthening, a rural real estate investment looks to be something to do sooner rather than later.

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