Harborough in the district of Leicestershire has been revealed as the rural area with the highest house price growth in the past five years by Coulters Property.
Indeed, the firm’s Rural Property Report shows that prices have risen by 33.6% in the authority since 2015, up from £245,582 to £328,172.
Harborough was followed by East Northamptonshire and Rutland, where prices have risen by 32.8% and 31.7% respectively, while Hinckley and Bosworth has seen growth of 31.3%.
Much of the recent growth can be attributed to the Covid-19 pandemic, which sparked a surge in rural relocations. Prices of rural properties increased some 6.22% nationwide between 2019 and 2020.
Meanwhile, the report also revealed that County Durham is home to the most affordable rural areas, with average prices of £109,980, followed by Copeland and Wyre at £136,378 and £160,562 respectively.