BRITAIN’S ‘GREEN PREMIUM’ REVEALED
Britons are willing to spend an extra £7 billion on homes that are close to public parks or open spaces.New figures reveal an emerging ‘green premium’ in Britain’s cities, where public space is becoming scarcer thanks to increased development and the pressure on local authorities to sell off public space.2 The research, from ING Direct , questioned chartered surveyors and homeowners in Britain’s ten biggest cities, revealing that homes within walking distance of public parks now command as much as £10,000 above the typical house price, or £21,000 if in London.