Premium to live in Welsh countryside

A report suggests there is a significant premium on the price of housing in rural parts of Wales.

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According to the Halifax Rural Housing Review, people who fancy living in the Welsh countryside can expect to pay nearly more than £23,000 extra than in urban areas.

Across Britain, rural homes typically cost 20 per cent more, equivalent to an extra £42,000.

The biggest "rural premiums'' tend to be in the West Midlands, where a rural home costs 42 per cent more than one in an urban area.

The smallest difference is in the east of England, where buyers pay a 10 per cent extra for a home in the countryside.

On average buyers can expect to pay around £254,000 for a rural retreat, compared to £211,000 for a city accommodation.

Martin Ellis, housing economist at Halifax, said: "The countryside continues to attract home owners inspired by open spaces, a cleaner environment and the prospect of a potentially greater quality of life. 

"However, turning such dreams into reality typically comes at a cost.

"Housing affordability is a significant issue across a number of rural areas, making it difficult for first-time buyers in particular to buy a countryside home."

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