Market towns see strong house price growth
Nov 08, 2006
Market towns in England are continuing to see high rates of house price growth, with many home buyers prepared to pay extra for the high quality of life that they perceive them to offer.
Around 70 per cent of market towns, defined as a rural town with between 3,000 and 30,000 inhabitants, have seen stronger house price growth than the average for England in the past five years, according to research from Halifax Estate Agents.
As much as 73 per cent of market towns have higher average house prices than the neighbouring towns in their county, with the most expensive market town found to be Beaconsfield in Buckinghamshire, with an average house price of £574,211.
Most of the ten most expensive market towns were in the south-east of England, with six in ten of them located here. Colin Kemp of Halifax Estate Agents said that home buyers continued to be attracted to the high quality of life offered by market towns and were usually prepared to pay a premium to live there.
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