Survey of market towns finds Midhurst is second most expensive place to live
A SURVEY of market town houses by Lloyds TSB has found that Midhurst is the second most expensive place to live in the country.
House prices in England’s market towns have risen by nearly £1,000 a month over the last decade - the typical price of a market town home has more than doubled from £114,718 in 2001 to £233,416 in 2011, a monthly increase of £989.
Beaconsfield in Buckinghamshire is the most expensive market town with prices averaging £779,986 in 2011.
Midhurst comes second in the table with house prices averaging £406,388.
The survey found that market towns in England had weathered the financial crisis with their house prices generally increasing by five per cent since 2007.
Two-thirds of the market towns studied had a typical house price that was above their county average.
Lloyds TSB said that on average houses in these towns were worth £25,592 or 12 per cent more than their county average.
Nitesh Patel, housing economist said: “Many of these towns offer an attractive balance between being close to the countryside and easy access to road and rail networks so people can commute.
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Wednesday 23 May 2012
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