Rural property prices have risen by 20.8 per cent in the last five years

UK Investor Magazine reports that the average price of a rural property has risen by 20.8 per cent over the last five years, 3.3 per cent higher than in urban areas.

The 2021 Rural Property Report cites a surge of 6.22 per cent in the price of rural property between 2019 and 2020, as demand increased for homes in rural areas during COVID-19. Of the rural areas with the biggest price increases, property prices in Harborough, Leicestershire, have increased the most – by 33.6 per cent over the last five years with the average house price reaching £328,172 in 2020. The most expensive rural area, according to the report, is Waverley, Surrey, where the average house price is £473,536.

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UK Investor Magazine - Rural property prices have risen by 20.8% in the last five years