The high price of natural beauty when buying a house in a national park

According to recent Sevilla analysis, homebuyers will routinely pay an average of up to 50 percent more to live within an area of extraordinary natural beauty (AONB) or a national park. The highest premium on record, for Surrey Hills, was a gobsmacking 130 percent of what the property would otherwise be worth! People will pay these kinds of premiums for both a beautiful, scenic view and also the security of knowing that future construction and development will be tightly regulated and that the view hey paid for won’t just vanish.

Key Takeaways:

  • Property buyers can expect to pay up to 50 percent more if they purchase a property located in a national park.
  • The reason for the high cost is you are choosing to live in a government-protected conservation zone that has unparalleled natural beauty.
  • According to Gaby Day, a Savills research analyst, you can expect to pay the highest price at Surrey Hills, where property is 130 percent higher than comparable property nearby.

“They are paying to live in the ultimate conservation zone, areas such as the Lake District or Gower Peninsula, where future construction is restricted and the way of life conserved.”

Read more: https://www.thetimes.co.uk/edition/bricks-mortar/the-high-price-of-natural-beauty-when-buying-a-house-ina-national-park-lgqj58spf

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