20 June 2012

Property finder

Properties situated in some of the most beautiful parts of England have risen by over £900 per month in the last decade, according to homemove.co.uk.

New research carried out by Lloyds TSB has shown that property prices in the UK’s Areas of Outstanding Natural Beauty (AONB) have increased £109,355 since 2002.

The average AONB home is worth £235,215, approximately seven times the average national wage.

Solway Coast in Cumbria has seen the biggest increase at 124.5% with the Northumberland Coast coming in a close second at 123.8%.

Surrey Hills has been named as the most picturesque location where the average house price is £407,568. The Lincolnshire Wolds are the cheapest AONB with the average property price coming in at £128,608.

Suren Thiru, Housing Economist at Lloyds TSB commented that: “The relatively high property values in many of these locations reflect the quality of life benefits associated with living in some of our most idyllic beauty spots.”

She added that: “However, the fact that property prices have typically risen considerably faster than average earnings has created significant affordability difficulties for many of those living and working in such locations.”

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