UK National Park Homes Command 24 Percent Price Premium
Nationwide Building Society reports that properties in UK national parks cost 24 percent more than similar homes due to countryside appeal and restricted development laws.
Properties located within United Kingdom national parks command an average price premium of 24 percent compared to similar homes elsewhere. A study by Nationwide Building Society found that the New Forest is the most expensive national park for homeowners, with an average property price of £563,000, followed by the South Downs at £485,000 and the Peak District at £450,000.
The premium extends to the surrounding areas, with homes within three miles of a national park attracting a 6 percent price increase. Properties in national landscapes, previously known as areas of outstanding natural beauty, command a 14 percent premium. The Surrey Hills recorded the highest average price in this category at £710,000.
Nationwide attributes these elevated costs to the high appeal of the countryside and strict development laws that limit the construction of new housing in these protected regions.