Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Research reveals supermarkets affect average house prices

Properties within easy reach of a local supermarket in the UK are, on average, some £21,512 higher than in nearby areas, new research has found.

Homes in areas with a Waitrose, Marks and Spencer, Sainsbury’s or Iceland are most likely to command a higher house price premium when compared to the wider town average, according to the study from Lloyds Bank.

And prices near upmarket supermarket brands can be particularly high, it also found. For example, the average price for properties within easy reach of a Waitrose is typically £36,480 higher than the wider town average at £429,118 versus £392,939.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.