Tuesday, August 28, 2007

Rural house prices outstripping city

Rural housing is less affordable than the urban alternative, with average property prices more than seven times that of the typical wage, a report has indicated.

Rapid house price inflation has pushed the average property value in the country up to £246,104, more than £30,000 higher than that of a town house.

With earnings generally lower outside city areas, first-time buyers are increasingly being frozen out of the rural property market, it is claimed.

In the passed 3 years immigration has also increased in rural area. If these two things are linked (which they are) then immigration into rural areas is causing an increase in house prices and an increase in crime. When exactly are we going to experience the benefits of immigration?

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