Huge premiums to buy houses in the South's green spaces

Some are paying double the local average, according to new research

Author: Ryan BurrowsPublished 7th Jun 2024

Home buyers are paying around double the typical property prices in their area to live within protected green spaces in the South, according to analysis.

Research from property firm Savills has found that Chichester Harbour was found to command a particularly high house price premium compared with the county average at 122.1%,

The average house price there's been put at £983,389, compared with an average of £442,857 in the wider area.

Properties in the New Forest were also found to be more than double the price of properties in their wider areas, on average.

In the New Forest, the average price is £800,053, compared with £390,091 in the wider area.

The average price of a property sitting within the boundaries of a National Park is £422,225, compared with a county average of £279,171, property firm Savills found.

This equates to buyers paying a premium of 51%.

Living within a National Landscape (formerly Area of Outstanding Natural Beauty) commands a higher price tag at £581,121 on average, meaning buyers face paying a 48% premium, Savills found.

Frances McDonald, director of research at Savills said:

"Over the last few years, as buyers have re-evaluated their priorities, we have seen a surge in interest in living amongst greenery or nearby access to green space."

Hear all the latest news from across the UK on the hour, every hour, on Greatest Hits Radio on DAB, smartspeaker, at greatesthitsradio.co.uk, and on the Rayo app.