House prices in “new” university towns increase significantly | Compare Prepaid News
During the last decade, the average house prices in new university towns have risen from £91,612 in 2001 to £155,953 today. This represents an average increase of 70%, according to a new study by Lloyds TSB.
In contrast, traditional university towns - those created earlier than 1960 - experienced a more modest increase with 64%, on average.
Overall, however, both new (70%) and old (64%) universities towns recorded higher increases than the average of 62% across the UK as a whole in the last decade.
In addition, the survey shows that eleven of the of the Times ‘Top 20 University’ ranking list have experienced house price increases by at least 75% on average over the last ten years.
Specifically, six of those top 20 saw a house price increase of over 80%. They were made up of: Edinburgh with 103%, Exeter with 91%, Loughborough with 90%, Leicester and Cambridge both with 88% and Lancaster with 84%.
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