Prime properties see price growth
The value of prime residential property across the UK grew by two per cent over the past quarter, building on a 4.6 per cent uplift in the second half of 2009, though marked regional differences are now clear, according to Savills Research.
Ben Pridden from Savills York says: “We really struggled to sell houses to May last year. London took off early in 2009 and it took six months for this activity to roll up to Yorkshire.
“Buyers in the prime market are extremely discerning, but will commit if the price is fair and the house good quality. We sold an important Grade I house just outside York last year with a guide price of £6m, and had about 15 parties look at it.”