Britain's spa towns see higher house prices

17-Nov-2006

First time buyers looking to purchase a property in one of Britain's many spa towns will find house prices higher than elsewhere, experts claim.

According to data published by Halifax Estate Agency, all of Britain's 18 spa towns have higher house prices than the regional average, with first time buyers and repeat purchasers facing average house prices of between £158,000 and £298,000.

At £297,354, Epsom is the most expensive spa town, while Builth Wells in Wales is the cheapest, with average house prices of £158,687.

"Spa towns are clearly popular with home buyers with their house prices usually trading at a premium to nearby town," said Colin Kemp, managing director of Halifax Estate Agents.

"The ten best performing spa towns since 2001 are all outside the south of England, with Welsh spa towns seeing keen interest," he added.

Spa towns are often more attractive for first time buyers and repeat purchasers as they often feature high employment, larger than average houses and lower levels of traffic congestion, according to Halifax.

Halifax Estate Agency is a member of the HBOS Group.

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