How the paranormal impacts house prices

Mortgage Introducer

October 31, 2016

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Towns seen as haunted have seen slower house price growth than the rest of England, eMoov data compiled by Zoopla has found.

Prices surrounding Pluckley Village, which was named the most haunted village in Britain by the Guinness Book of World Records in 1989, have grown by just 5% in the last 10 years.

Similarly prices only rose by 10% in the last decade in Wotton-Under-Edge in Gloucestershire, the location of the Ancient Ram Inn, which has a history of child sacrifice suicide and black magic.

Knight Frank: Expected subdued prices in 2017

Chillingham in Northumberland has seen prices drop by 1% in 10 years. The area is home of Chillingham Castle, which dates back to the 12th century and is known for its chilling royal procession of ghosts floating through the halls.

Russell Quirk, founder and chief executive of eMoov.co.uk, said: “It seems stories of ghosts, witches, and superstition have a mixed impact on the property market in England with the areas that are most haunted are home to a higher average house price but seeing a slower rate of growth than England as a whole.

“It wouldn’t be the first time imaginary monsters have impacted house prices, with recent tales of a Brexit monster terrifying homeowner across the nation, despite the actual introduction of Article 50.”

Borley Rectory in Essex has grown by 4% less than the English average in past 10 years.. The rectory has been plagued with tales of ghosts of headless horsemen and the unexplained ringing of servants’ bells.

Tower Hamlets in London has seen prices increase by 5% in the last 10 years. The area is home to the haunted Tower of London, where it is believed that the ghost of Henry VI still roams the walls and the White Lady’s perfume is pungent enough to make guards ill. The average property value in Tower Hamlets over the past decade is £377,240, trailing behind the London average by £75,000.

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