21
Jul
People will 'pay a premium' for market town properties
The latest Halifax Market Town Review has looked at 112 English
towns with populations of between 3,000 and 30,000 and found that
two-thirds have higher average house prices than neighbouring
municipalities.
Beaconsfield in Buckinghamshire was shown to the most expensive
English market town, with an average property price of
£704,724 in March.
In addition, eighteen other such towns had an average house price
of over £300,000.
Meanwhile, 60 out of 112 English market towns experienced above
average increases in average property values over the last five
years.
Martin Ellis, chief economist at Halifax, commented: "Homebuyers
continue to be attracted to the high quality of life, architecture,
history, setting and community spirit offered by market towns and
are prepared to pay a premium to live there."
In related news, Halifax announced last week that it was reducing
the rates on many of its mortgages.
