Properties in rural areas are finding favour with retirees whose families may have moved out, it has been claimed.
They no longer need access to amenities such as schools, suggested John Shepherd, fellow of the Royal Institution of Chartered Surveyors, with many enjoying the tranquillity of rural life.
"Many people move out because they feel they want to be in a more pleasant environment, without too much pollution and that sort of thing," he revealed.
Retirement also allows property owners to move away from cities due to the absence of work commitments, Mr Shepherd claimed.
Hometrack reported on June 1st that the average property cost £155,600 in May, the same figure as April and the first time for 20 months that prices have not suffered a month-on-month fall.
The average estate agent sold ten properties in May - up by 30 per cent compared to the same month last year, the study revealed.
See Also: Property News (6680)
Date Published: 30 June 2009
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