People living in rural and coastal areas are generally happier with where they live than those living in cities and urban areas, says Rightmove.
Urbanist Architecture has seen a 65% jump in demand for rural home designs, including a marked increase in Para 79 “Country House Clause” commissions.
Average rents in the countryside have risen by 5.5% in the last year, reports Hamptons, while city rents have fallen by 5.3%.
112-home residential development in historic house grounds gets the go-ahead light at appeal.
Specialist architecture practice secures its 20th and 21st Para 79 wins.
There’s been a “rebalancing of the market between London and the country”, says Savills, as the capital lags a sharp increase in £1m+ sales across the UK.
Country towns and villages are seeing a much bigger rise in property searches than major cities, reports Rightmove. Dartmouth in Devon saw twice as many online searches this September compared to last, while agreed sales in the harbour town have shot up by 179%.
Savills has revised its prime rental price forecasts. Prime London rents are now expected to fall by 3% this year, with inflation of +7.6% over the next five years. Leafier locations outside the capital, meanwhile, are set for 3.5% growth in 2020, and +11.5% by the end of 2024.
Average prime values outside of London have climbed beyond their 2007 peak for the first time, says Savills, and now sit some 1.4% above their pre-crash high.
Edinburgh usually dominates the Scottish prime market, but more rural locations have stepped up since the Spring Coronavirus lockdown was eased.
Jane Austen was a frequent visitor to Ashe Park, which is now on the market via Savills.
The latest Savills buyer survey reveals “a greater urgency in the desire to move home”, allowing the top-end estate agency to predict that the current surge in buying activity will continue beyond the summer – particularly in country markets.