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Ringwood is the fifth priciest UK market town, Halifax stats reveal

RINGWOOD being named as the fifth priciest market town for property the UK sparked a warning over affordability for local people.

Statistics released by the Halifax said that during 2020 the average house price in the town was £534,330 – which easily outstrips the average UK price of £321,780.

The most expensive market town was Beaconsfield in Buckinghamshire, where the average home is a staggering £1.13m.

Ringwood is becoming a sought-after destination
Ringwood is becoming a sought-after destination

It follows a previous Halifax report which named Lymington as the fourth most expensive seaside town in the UK, with an average house price of £570,451, and the New Forest also regularly being named the costliest UK national park to buy a home.

Ringwood deputy mayor Cllr Philip Day said the figures highlighted how "it remains the case that prices generally in Ringwood are way out of the reach of ordinary hard-working people looking to buy their first home, or even to ‘upgrade’ to a larger house to accommodate their families".

But there were ways in which the council could take action to try to address the situation, he said, such as developing a Neighbourhood Plan.

These are drawn up by residents with the help of local councils to lay out how best to develop their areas in accordance with planning policies.

While not binding they must be taken into account by the district council when making decisions on planning applications.

Plans are being drawn up in Lymington and Totton, and one was recently approved by a referendum in New Milton following another in Hythe last year.

Cllr Day added: "We need to ensure that an appropriate number of the right size and sort of houses are built to best serve the local community, along with green and recreational spaces and appropriate infrastructure for roads, schools, medical centres and the like."

Ringwood Town Council is in the early stages of developing a Neighbourhood Plan and has called on residents interested in contributing to get involved by emailing neighbourhood.plan@ringwood.gov.uk

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