The down slide has little effect on the UK house prices in market towns

Posted under General

The Halifax Market Town report indicates that average house prices in two third of market towns are higher than the neighbouring towns. The houses in Beaconsfield in Buckinghamshire are drawing a premium of 144 per cent compared to the average price in the county. Houses in Bakewell are being sold at 99 per cent premium to the Derbyshire county average price followed by Southwell which is drawing 93 per cent premium over the average price in Nottinghamshire.

Three markets each in the North West and North, two in East Midlands and one each in Yorkshire and Humber are trading at premium of 50 per cent to the average county house prices.
Beaconsfield is reported to be the costliest market town where average house price was quoted at £704,724 in March, 2008, followed by Ringwood (£380,301) and Winchcombe (£371,796).

According to the findings, 21 of the most expensive market towns out of 25 in England are located in south.   The average price in 76 market towns in England was above £200,000 in March 2008. 60 per cent of these market towns are located in southern England whereas remaining markets are evenly spread across northern England and the midlands.