Research from Barrows and Forrester has revealed which areas of the property market offer the best options for homebuyers who want to buy some bricks and mortar while maintaining a good level of leaves and bark within the surrounding area.
At the top of the list is the North West which has seen more than 2.7 million trees planted between 2010-2018. With an average regional house price of £200,172, it’s also one of the more affordable regions for a property purchase.
Next, is the South West where 2 million trees have been newly planted although the average house price is a far less affordable £314,037; followed by the East Midlands where 2 million trees and an average house price of £212,229, again a far easier step on to the ladder for tree-friendly homebuyers.
Those looking for an abundance of trees and affordable property prices would do well to steer clear of what are traditionally two of the strongest regions of the property market.
The region with the least number of newly planted trees is London, where just 19,100 were planted between 2010-2018 and a property will set you back a huge £521,146, meanwhile, the South East has had just 1.2 million new trees planted and is home to an average price of £380,237.
In fact, the good news for homebuyers is that even at a more local level, more trees tend to mean lower property prices.
In fact, of those places that have more than 200,000 newly planted trees, including Northumberland, Carlisle, County Durham, and Allerdale, are home to a combined average house price of £275,738.
Meanwhile, in those places that have between 100,000-200,000 new trees, including Harrogate, East Suffolk, Oldham, and Shropshire, the average house price is £281,305.
And finally, in those places that have recorded zero newly planted trees, including the vast majority of London boroughs, the average house price is a hefty £406,303
James Forrester, Managing Director of Barrows and Forrester, commented: “Given how buyers have become obsessed with green, spacious living locations in the years since the pandemic, one would assume that those areas with the most newly planted trees would command higher house prices, but our research suggests that the opposite is, in fact, true.
“The simple explanation for this is that our big cities, where house prices are often highest, are not planting many or any trees, while those more rural areas populated by smaller towns and villages, where prices tend to be lower, are planting a lot of new trees.
“This is wonderful news for anyone who considers green space and clean air a priority in their property search because it’s usually the case that our list of must-haves increase the price we have to pay for a home. But, for these people, their wish list is actually saving them money.”
