Study Reveals Property Price Premiums in UK National Parks

Properties located within Britain's National Parks command an average premium of 25%, equating to approximately £66,000 more than similar homes outside these areas, according to a study by Nationwide Building Society. Homes situated within a 5km radius of a National Park also enjoy a 7% price advantage. The New Forest is identified as the most expensive National Park for property, with an average price of £576,000, followed by the South Downs at £400,000 and the Peak District at £375,000. Andrew Harvey, Nationwide’s senior economist, noted that the appeal of these locations is driven by their beautiful countryside and controlled development, which limits housing supply. Areas of Outstanding Natural Beauty (AONBs) also see significant premiums, with an average increase of 15%. Overall, the desirability of rural living continues to influence property values in these regions.