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Captain Cavey

Bbc - "rural House Prices Fell By Less"

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VI BBC hacks delighted as their But ‘n’ Ben beats the downturn

House prices in rural areas have fallen by less than in urban areas over the past year, new figures from the Bank of Scotland show.

The bank's annual Rural Housing Review said prices across rural Scotland fell by 11% over the past 12 months compared to an average 13% drop in urban areas.

Houses in cities and towns remain more affordable than in the countryside.

The average rural house price is now 17% higher, at £166,813, than the average urban house, which is £143,454.

The Bank of Scotland report said housing affordability in rural areas had improved.

Prices now averaged 5.7 times the average income, the lowest ratio since 2006.

Quality of life

First-time buyers purchased 28% of all homes sold in rural areas but the rise was still well short of the 41% for urban houses.

Suren Thiru, economist at Bank of Scotland, said: "Over the past year, house prices in rural Scotland have declined by less than in urban areas, largely reflecting the quality of life benefits associated with living in the countryside.

"However, homes in rural areas continue to command a large premium over urban locations, which together with generally lower earnings, means that housing in rural areas remains significantly less affordable than in urban areas.

"The difficulties this presents for households is further aggravated by the relatively low levels of social housing in rural local authorities."

Price growth

Aberdeenshire was the most expensive rural local authority in Scotland with an average house price of £191,558.

The second most expensive rural local authority was East Lothian, followed by Perth and Kinross.

East Ayrshire was the most affordable rural area in Scotland with an average house price of £124,091.

Moray and Dumfries and Galloway have the highest proportion of first-time buyers at 36%.

In the past 10 years house prices in rural areas have risen by 142%, or £97,849, compared with a 122% rise in urban areas.

The rural local authority of Highland recorded the biggest house price growth since 1999, at 190%. !!!!!!!

So the average rural income is nearly 30k. Ok then, if you say so.

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VI BBC hacks delighted as their But ‘n’ Ben beats the downturn

So the average rural income is nearly 30k. Ok then, if you say so.

This country really is ******ed. Rural houses cost more yet nearly all the decent paid jobs are in the cities. It is just insane. All this could be stopped pretty easily. Put serious taxes on 2nd 3rd 4th homes etc..

Very wealthy people will still have their holiday homes in the country. They always have. However it would stop people living in cities earning 20k - buying places in the country based on nothing more than equity that has been magicked out of thin air.

Why does this not happen ? Oh yes of course. All those in charge of the media, Government and large businesses are of the 50+ generation who see high house prices and 2nd homes as the route to all wealth. The greed is staggering. Even when it is at the expense of their own descendents.

PS - I am not talking about all those of 50+ before anyone starts !!

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