Property in national parks costs £100,000 more
Tuesday, 2 August 2011 12:08 PM
Homebuyers must part with almost £100,000 more to live in a national park than in surrounding areas, according to new research released today.
Halifax has reported that house prices in national parks in England and Wales are, on average, £95,721 (or 48 per cent) higher than their county average.
This premium has risen by over a tenth (£9,211) in the past five years, the study said.
The average price for homes located within national parks - £293,920 - is 9.5 times the national average gross annual earnings and 24 per cent higher than the average house price for England and Wales (£236,183) as a whole.
Homes in the Lake District command the largest premium relative to the average for the surrounding area. Houses in this picturesque part of Cumbria trade at 193 per cent the average house price in the county.
This is marginally higher than in the Peak District, where there is a premium of 191 per cent, followed by the New Forest (187 per cent).
Snowdonia has the smallest premium, but property prices are still more than double (105 per cent) the county average.
The New Forest is the most expensive national park in England and Wales with an average house price of £465,425 - 58 per cent higher than the national parks average.
By contrast, Snowdonia is the least expensive national park with an average house price of £176,003, and is the only national park surveyed with an average house price below £200,000.
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