The Telegraph Property has published a list of Britain’s 50 richest towns and Gloucestershire has four towns on the list – Chipping Campden at No. 18, Stow-on-the-Wold at no. 33, Moreton-in-Marsh at No. 42 and Winchcombe at No. 48.
“City dwellers in search of a happier way of life have boosted property values in towns across the country. Settlements that once saw money drain away to the big cities are now immensely desirable, prized for their smallness and prettiness, and for offering the three key ingredients – good houses, good schools and good shops”
“In this first Rich Towns list, using data prepared for The Telegraph by Savills, we have created a league table which charts the tideline left by the buying power of the last decade and assesses the popularity of towns – a sure way of identifying those which are likely to withstand a recession”
“People are fleeing areas wrecked by new developments – says Saville’s head of country houses sales. Those who have been successful in the city realise that, with new technology, they can move to a good town and be just as successful”
“The table shows the seepage of wealth westwards along the Thames corridor, through the Cotswolds to the West Country and the rise of seaside favourites such as Salcombe and sailing havens such as Lyndhurst”
Chipping Campden at No.18 in the Top 50 Towns has an average house price of £431,801, Stow-on-the-Wold at No. 33 has an average price of £335,434, Moreton-in-Marsh at No. 42 has an average price of £321,198 and Winchcombe at No. 48 has an average price of £313,385.
So, Gloucestershire can claim to have 8% of Britain’s 50 richest towns within the County. The richest town is claimed to be Beaconsfield in Buckinghamshire with a average house price of £684,474.
What do you think about this league table?
Source: Telegraph Property Saturday April 19th 2008.