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County house prices among UK's cheapest

By This is Lincolnshire  |  Posted: April 01, 2010

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House prices across Lincolnshire are among the lowest in the country, which experts say is the result of a lacking economy.

New research, carried out by property organisation Savills, shows that the cost of living spaces across the county are among the best value for money nationwide.

According to the research, houses in the Boston area are the lowest in Lincoln, offering a £122 per square foot value, whilst houses in West Lindsey fetch, on average, £129 per square foot.

Houses in North Kesteven sell for £132 per square foot, while houses in Lincoln are marginally more expensive, at £134 per square foot.

South Kesteven offers space at £151, which is still £69 per square foot less than the national average - which currently stands at £220 per square foot.

However, officials say that inexpensive housing is down to a lacking industry and the absence of high-paying jobs in the area.

"For a long time now, Lincolnshire has been an inexpensive place to come and live," explained Andy Hey, spokesman for the Royal Institute of Chartered Surveyors.

"One of the reasons for this is that Lincolnshire is not a rich area, in that we don't have a lot of big jobs, or a huge industry development.

"Our economy relies, to a large extent, on agriculture and seasonal tourism, and because of that, we're a low income area.

"This is why you can't have expensive houses in Lincolnshire, and is why a lot of our prices are well below average."

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  • Profile image for This is Lincolnshire
    Doc, Lincoln  |  April 01 2010, 8:41AM

    House prices in Lincolnshire have always been the lowest in the country.

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