15 Nov

Value of houses for sale in countryside rise by 96 per cent

Value of houses for sale in countryside rise by 96 per cent

People who own houses for sale in the countryside will be pleased to hear that over the last ten years their properties have increased in value by 96 per cent.

According to the latest Halifax Rural Housing Review, the last decade has seen properties for sale in the countryside increase in price by more than £100,000.

This takes the average value of a rural house to £209,972, compared with a figure just over £100,000 in 2000.

As well as showing that homeowners in the countryside have made nearly £200 every week on the value of their property, findings revealed that the increase in price was greater than the rise in costs of urban houses.

Housing economist at Halifax Suren Thiru said: "With the lifestyle benefits associated with living in the countryside still resonating with homebuyers, rural properties continue to trade at a significant premium to homes in urban areas."

This comes despite the recent drop in property prices, with the Royal Institute of Chartered Surveyors' UK Housing Market Survey revealing that 49 per cent of its surveyors recorded a decline in house values last month. ADNFCR-1222-ID-800235812-ADNFCR

Cookies We use cookies to ensure that we give you the best experience on our website. To find out more about our cookies policy, see our cookies policy here or in the footer.