The rate of annual price growth in country areas has caught up with urban prices making them “almost
The rate of annual price growth in country areas has caught up with urban prices making them “almost neck and neck” according to a certain well-known property website.
It reports that urban values have risen by 5.7 per cent over the past 12 months (to March 2015), while rural prices have increased by 5.1 per cent.
Gerrards Cross in Buckinghamshire, about a 40-minute drive from Henley, is now the most expensive rural haven in England, with average homes currently fetching £817,376 — up from £773,726 just a year ago.
One expert commented: “Urban areas had a head-start in the housing recovery with demand propped up predominantly by employment opportunities.
“Over the past year house price growth has spread and rural retreats which are commutable to the amenities and jobs of urban centres have become highly sought after.
“But they come with a significant premium to have the best of both worlds, with the extra outdoor space and seclusion that rural living gives you.”