How house prices are related to life expectancy
Barrows and Forrester has conducted a research and concluded that the difference in property value between the areas in the UK with the lowest and highest male life expectancy is 348%.
This property price data is based on life expectancy across the UK: as for the highest and lowest life expectancy for women, the difference is 575%. In regions with a male life expectancy of 73–75, the average house price is £115,259.
In areas where male life expectancy is 76–78 years, house prices rise by 44% (£165,576). If the average life expectancy for men reaches 79-81 years, then by 76% (£291,088).
Surprising statistics in areas where male life expectancy is 82 years and above, where property values averaged £516,192. This is 77% higher in comparison to the previous group, and a whopping 348% higher than the lower group.
Significant increases in property prices related to life expectancy are even higher among women. The difference between the districts with life expectancy of 77-79 and 80-82 is also 44%. However, the average home price is £119,540 and £172,023 above the lower age threshold for men. Between areas with life expectancy of 80-82 and 83-85 years, property prices surges 82%.
In areas where women's life expectancy is 86 years or more, the average house price is £807,120, 158% higher than the previous life expectancy group and a whopping 575% higher than the lower group.
James Forrester, Managing Director of Barrows and Forrester, commented:
“We’re not suggesting that buying a more expensive home is the key to a longer life. However, the data shows that areas with higher levels of life expectancy for both males and females are also home to higher house prices.
"This is no doubt due to several wider influences that come with living in certain areas or with a certain level of wealth. Homebuyers are drawn towards a property based on external factors in a location such as less crime, less pollution, better healthcare. All of which can arguably help boost life expectancy.
"However, the result of this high demand in these areas is a higher rate of house price growth, and so it’s no coincidence that higher house prices go hand in hand with a longer life expectancy.
"The good news is that regardless of where you live and what you pay for a property, life expectancy levels in the UK are robust across the board. Undoubtedly thanks to the outstanding job done by our frontline workers in the healthcare sector and the NHS in particular, who make the UK one of the best places in the world to live a long and healthy life.”