Park life puts £21,000 on home
Houses close to public parks or open spaces now cost up to £21,000 more, revealing a “green premium”.
A survey by finance company ING Direct found that the price difference was higher in cities with less public space as it becomes scarce because of pressure on town halls to sell off land.
Julian Hartley, of ING Direct, said: “As planning regulations are relaxed and more local authorities sell off green areas for housing development, we’re likely to see the green premium increase significantly.”