Coulters Property: Average rural property price rises by 20.8% in five years
The average rural property price has risen by 20.8% between 2015 and 2020, according to the 2021 Rural Property Report by Coulters Property.
In contrast, the average property price in urban areas has risen by 3.3% over the same timeframe.
The data shows that the greatest rise occurred between 2019 and 2020, when rural property prices increased by 6.22%.
Harborough noted the greatest rise of a rural area, up 33.6% between 2015 and 2020, with the average property price increasing from £245,582 to £328,172.
This was followed by East Northamptonshire, which noted a 32.8% increase, from £188,598 to £250,497.
Rutland noted a 31.7% uptick, Hinckley and Bosworth was up 31.3% and High Peak by 30.3%, over the selected timeframe.
This increased average property prices to £335,024, £238,220, and £218,996 respectively.