Pity those who live near a famous landmark: constant tour
bus traffic, blocked driveways, gawking tourists, etc. However, there may be a
silver lining, at least if you are living in the United
Kingdom. As reported this week by Zoopla, a
real estate website, UK
properties near a world heritage are valued 27 percent more on average than comparable
properties elsewhere.
Zoopla's research also found that property values increase
the longer an area has enjoyed world heritage status. Thus, homes located close
to the first ten sites in the UK
to be inscribed as world heritage sites, including Bath,
Stonehenge and Blenheim
Palace, enjoy an average property
value of £424,873 (USD644.936), compared with just £274,611 (USD416,846) for sites inscribed since 2000.
Although real estate is already beyond the means of many in
the UK, a
takeway from this study is that anyone with a few hundred thousands pounds to
spare should be keeping an eye on the UK's
tentative list of properties being considered for world heritage status. Buy
now and you might enjoy a windfall in years to come!
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