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Rutland experiences one of the biggest price rises for rural property

By The Editor

4th Apr 2021 | Local News

England's smallest county has some of the fastest growing rural property prices in Britain.

Coulters Property has analysed OND data over the past five years and placed the county in third place in their 2021 Rural Property Report.

They said: "Over the last year, we've seen an increasing amount of people relocating from cities to the countryside, due to factors such as more green space, fresher air and a slower pace of life.

"The average rural property price has risen by 20.8% in the last five years, which is a 3.3% higher increase than in urban areas. There was a particular increase (6.22%) in the price of rural properties between 2019 and 2020, as COVID-19 sparked rural relocations, increasing the demand for homes in rural areas."

Market Harborough topped the table with an average 33.6% rural property price increase since 2015, followed by East Northamptonshire with an average 32.8% rural property price increase.

Rutland came third with a 31.7% rural property price increase.

Coulters Property reported: "The rural farming county of Rutland, which is situated between Leicestershire and Lincolnshire, has seen the third-highest increase in property prices between 2015 and 2020, seeing average property prices rise by 31.7% to reach £335,024. The county has only two towns, Oakham and Uppingham, which are surrounded by vast countryside, with Rutland Water at the county's centre."

Not surprisingly, the report also noted the most expensive counties were in the south of England and the cheapest in the North.

     

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