Latest Property Values News

A new study from Halifax has revealed that house prices in rural areas are on average 14 per cent higher than in urban areas.

The Halifax Rural Housing Review found that a typical home in a rural setting cost £246,104 - over £30,000 more than the urban average.

In spite of the disparity, house price inflation since 2002 has actually been greater for urban areas which have seen an average price growth of 80 per cent, as compared with 72 per cent in the country.

Halifax chief economist Martin Ellis emphasised the tough housing market conditions prospective homeowners faced when buying rural property.

"In general, higher average property prices, together with lower earnings, mean that housing is less affordable than in urban areas," he said.

This report does not address the regional variations in house prices. A different study released by Halifax last month, however, found that the average price of a home in the capital stands at more than £300,000.

©

Author:  Joanne McCabe

Mail to a friend  |   Print this news  |  Contact Us  |  About Us

Publish our Property values articles on your own site!

All our Property values articles are available for republishing, provided the links in the content remain intact. You can also use our RSS news feed to republish all of our Property values articles.