Ru­ral prices ris­ing faster than towns

Yorkshire Post - Property - - PROPERTY -

RU­RAL house prices have slightly out­per­formed those in ur­ban ar­eas since 2007, ac­cord­ing to lat­est re­search from the Hal­i­fax. In the past five years, the av­er­age price of a coun­try­side home has fallen by 20 per cent com­pared to 22 per cent in ur­ban ar­eas. With an av­er­age price of £201,191, prop­er­ties in ru­ral ar­eas are now worth 17 per cent more than its ur­ban equiv­a­lent.

House price in­creases cause chal­lenges for first-time buy­ers.

Martin El­lis, hous­ing econ­o­mist at Hal­i­fax, says: “Coun­try liv­ing is an as­pi­ra­tion for many Bri­tons.

“The fresh air, the scenery and the slower pace all add to the at­trac­tion but this has its draw­backs. For many of those tempted, the high prices put ru­ral homes out of their reach.”

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