Property investors should look to the South Downs for properties that will increase in value this year following the creation of a national park.
The South Downs National Park is expected to boost house prices and provide investment opportunities for those going into the holiday cottages market.
Chartered surveyors Smiths Gore and solicitors Adams & Remers held a conference for local land-owners and the farming community at the Earl of March's Goodwood House last week, to discuss the impact of what is forecast to be the UK's 'most visited' national park.
Rupert Clark, head of rural estate management at Smiths Gore, said: "There will be increased opportunities for landowners, both large and small, from the increase in tourism into the area and we expect to see a significant uplift in the value of cottage rentals.
"We would also expect to see house prices increase upwards of ten per cent, as estate agents inevitably make a play on National Park status."
Eight million people live within one hour of the park boundary and more than 120,000 live within it. It is hugely popular with walkers and has several areas designated for their beauty and scientific interest.
See Also: Property News (6699)
Date Published: 03 February 2010
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