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.