In research conducted by Lloyds TSB, the company has revealed that property buyers in the UK are willing to pay higher prices in order to acquire properties with picturesque surroundings and alluring locations. The value for such residential homes has increased by 87% (i.e. £109,355) over the last ten years, from £125,860 in 2002 to £235,215 in 2012. This clearly implies that people who own a home located in attractive locations have witnessed the value of their house rise by over £911 on a monthly basis for a period of a hundred and twenty months consecutively.
In essence, five primary areas boasting of natural surroundings have seen their home prices hit double in the past ten years. Out of these 5 areas, Solway Coast located in Cumbria registered the biggest increase of around 124.5% over the past decade.
On the other hand, Northumberland Coast witnessed an increase of 123.8%, and was marginally behind Solway Coast. Other areas where the prices of homes shot up remarkably included Kent Downs at 115% and the Forest of Bowland (situated in northern England) at 107%. Surrey Hills was the most costly area with natural surroundings to live in England. Here, the average cost of a home was around £407,568, followed by High Weald at £329,441 and Kent Downs at £320,090.
This is evidence enough to state that homebuyers in England are willing to pay a premium for homes surrounded by beautiful and picturesque scenes. This is certainly great news for homeowners who own a residential property, which is surrounded by natural and scenic beauty. They can sell their house to rich cash home buyers and enjoy a Quick Property Sale. So, if you have been thinking “I need to Sell My House Fast”, now is the time to put your property on sale and indulge in a fast property sale.
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