Spa towns are simply spiffing
According to Knight Frank Estate Agents, properties that are located in spa towns have a higher value compared to none spa towns. Towards the later months of 2013 many spa towns around the UK were recorded with a 3.5% higher price tag compared to the start of 2008 and in comparison, the average UK house price was down by 6.7% at the end of 2013 compared to the beginning of 2008.
Knight Frank believes that the reason why house prices are higher in spa towns is because more people want to purchase a property in a historic town compared to new build properties in relatively new towns therefore, the demand is growing.
The figures showed that the town of Royal Tunbridge Wells is the most expensive spa town to live in with property prices 16.5% higher now compared to the beginning of the year in 2008. This was followed by the spa town of Bath which has a 15.5% price rise in property prices then Chaltenham which was recorded with a 12% property value increase.
Andrew Harwood, Knight Frank Tunbridge Wells, commented on their findings and how he is not surprised that Royal Tunbridge Wells took the top spot in their list;
‘Not only does Tunbridge Wells have the Royal charter, but it is a lovely place to live with established shops, boutiques, impressive cultural amenities and access to amazing countryside.’
This story also relates to my previous blog about Harrogate being voted the happiest town to live in according to Rightmove because this spa town sits in 10th place with a 1.9% price increase compared to figures recorded at the start of 2008. If you would like to read my blog on Harrogate, please click HERE.
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