Areas of outstanding natural beauty attract a premium
The AONB which saw the highest premium paid in 2017 compared to the regional average was in Nidderdale in Yorkshire. Here, the average price paid for homes in 2017 was £272 per square foot, 54% higher than the regional average.
New supply of properties is much more constrained in AONB and turnover of properties is often lower than average. The proportion of private homes which sold in 2017 in AONBs was 4.1%. This compares with 4.5% in other parts of the country (excluding London). As a result, the availability of properties to buy is often restricted, pushing up the price premiums.
The most expensive AONB to live in is the Chilterns in South East England. Sales prices in 2017 within this area averaged £512 per square foot. This is a 35% premium to properties sold across the rest of the South East.
Areas of outstanding natural beauty attract a premium
Tags: Property, Beauty- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020