Value of Conservation Areas
This is the only rigorous, large scale analysis of the effects of conservation areas on house prices in England.
The research, conducted by the London School of Economics in 2012, involved:
- Statistical analysis of over 1 million property transactions between 1995 and 2010, and data on the characteristics of over 8,000 conservation areas.
- A survey of residents in 10 conservation areas to measure people’s perceptions of conservation areas and how these relate to house prices.
- Interviews with local planning officers.
- Houses in conservation areas sell for a premium of 9% on average, after controlling for other factors.
- Property prices inside conservation areas have grown at a rate that exceeded comparable properties elsewhere by 0.2% a year.
- Overall there was not a negative attitude toward planning regulations.
- Especially in areas with higher house prices and low deprivation, strong planning control was often linked back to protecting the coherence of a neighbourhood.