Summary
- Rural areas have seen higher house price growth compared to towns and cities in Great Britain over the past five years
- Semi-detached homes in predominantly rural areas have been the top-performing property type, with a 24% increase in average values
- The trend is partly attributed to the “race for space” during the pandemic, with many individuals moving to rural areas for more space
- Tourist hotspots like parts of Devon and the Lake District have seen significant demand, potentially driven by holiday and second home buyers
