Rural house prices have held their value better in the downturn, but prices have risen more slowly over the longer term when compared to urban postcodes, according to new research from the Halifax.
Since 2007, when the property bubble burst, a countryside home has fallen by 20pc compared to 22pc in urban areas. With an average price of £201,191, properties in rural areas are now worth 17pc more than its urban equivalent (£171,709).
However, over a 10-year view, property values in all rural areas have increased slightly more slowly than those in urban postcodes, rising by an average of 36pc over this period, compared to 40pc in cities.
In many rural areas affordability concerns continue to be a problem, particularly for first time buyer
No comments:
Post a Comment