Rural house prices in England and Wales are increasing twice as fast as in cities, triggering a fresh affordability crisis for young people, with hotspots flaring up across the country from Lincolnshire to Lancashire as people seek more space post-pandemic, according to the Guardian

Prices are rising 14.2% a year in countryside locations on average compared with less than 7% in urban areas, an analysis by Hamptons estate agency shows.

It is compounding existing affordability problems in places such as Cornwall and Devon, but the biggest percentage increases of up to 30% were in Broxtowe in Nottinghamshire, around Lancaster, in Arun in West Sussex and Amber Valley in Derbyshire.

Hamptons said registrations to buy in its rural offices were up by 50% on the same period for 2019, while city buyer registrations rose just 9%.

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The Guardian - Rural house prices in England and Wales rise twice as fast as in cities