Market town house price growth 'above the national average'

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The growth of property prices in English market towns has been above the national average for around five years, according to new research.

Halifax's new study found that two-thirds of the areas have a higher average house price than neighbouring towns in their counties, with Beaconsfield in Buckinghamshire found to be the most expensive of its kind.

Those looking to take out a mortgage may also be interested to know that around 76 market towns had an average house price above £200,000 in March this year.

Martin Ellis, chief economist of Halifax, said: "Home buyers continue to be attracted to the high quality of life, architecture, history, setting and community spirit offered by market towns and are prepared to pay a premium to live there.

"The majority have also seen stronger house price growth than the English average over the past five years."

Halifax recently announced plans to reduce rates on 20 of its existing 45 fixed mortgage deals.

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