Residential property in England, located in the National parks, on average 20% more expensive

As the proximity of National parks affects the price of real estate in the UK? There are a number of factors that influence the formation of residential property prices. In the UK, as the country with the best education in the world, one of these factors is the proximity of a school or educational institution.

Although, of course, the main key factor has always been accessibility. Especially proximity to transport nodes affects the prices of residential property in big cities.

A high quality of life in the first place – the environmental area where the property is located – this is probably the third key factor in the formation of prices.

Lloyds Bank has conducted research on the subject of how to affect the value of residential property in the UK a National Park.

Property prices in close proximity to National Parks in England and Wales at £125796 pounds higher than the national average. In percentage terms, the increase in price is 58%.

The biggest increase in price is observed in the district of New Forest – an average of £259066 pounds, the percentage is 101% , followed by real estate in the area – the Peak District – with the increase in price is 94%, then the Lake District – with the increase in price – 84%.

Average price of property in England and Wales in the area of National Parks increased by £91256 for 10 years with £251269 in 2004 to £342534 in 2014.

The study also shows that the growth in property prices in the area of the National parks 25% outpaced the growth of wages in England and Wales over the same period. And of course, that housing affordability, as measured in the annual wages of people in the area, lower than the national average. The average citizen of England or Wales you need to work 11, 3 years to buy a house in the area of the national Park. In the area of the New Forest national Park, where the average price of property is £516479 – this figure is even worse and is 14 years old.

The cheapest in absolute terms and most affordable national Park in Snowdonia. It is the only national Park where the average price of a property below £200,000 £ – £173779, and the availability of it is 6.5 annual earnings of residents in the area the British.

® Helen Antre 08.10.2014

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