The average property price in spa towns was 3.5% higher at the end of 2013 compared to the start of 2008. In comparison, average prices across the UK were 6.7% lower, according to the research from Knight Frank.
‘The outperformance of property prices in many Spa towns compared to the wider UK market is reflective of the continuing demand for homes in and around historic towns and a post-crisis trend towards urban living’ said Oliver Knight of Knight Frank research.
The analysis shows that Royal Tunbridge Wells is the top performing spa town where prices are 16.5% higher than in 2008, followed by Bath with a 15.5% rise, Cheltenham at 12% and Royal Leamington Spa at 11.3%.
‘It is no surprise Royal Tunbridge Wells is the best performing spa town. Not only does Tunbridge Wells have the Royal charter, but it is a lovely place to live with established shops, boutiques, impressive cultural amenities and access to amazing countryside,’ said Andrew Harwood of Knight Frank Tunbridge Wells.
‘Spa Towns are few and far between but is not necessarily rarity that sets them apart and makes them attractive to buyers Established over 100’s of years, ancient towns like Royal Tunbridge Wells have character and wonderful old buildings with history and give the town a real identity,’ he added.
