Prime coun­try house prices fall

Yorkshire Post - Property - - PROPERTY -

PRICES for prime coun­try houses fell by 0.7 per cent in the sec­ond quar­ter of this year, ac­cord­ing to Knight Frank.

Knight Frank con­firms its full year prime coun­try house price fore­cast for 2011 is a two per cent growth in prices for prop­er­ties worth less than £1m and more than £5m. Prices for houses val­ued at be­tween £1m and £5m are ex­pected to re­main flat

Liam Bai­ley, Knight Frank’s Head of Res­i­den­tial Re­search, says: “The lat­est re­sults from our Prime Coun­try House In­dex con­firm that the mar­ket out­side of Lon­don is still strug­gling to build mo­men­tum. Prices have now slipped by 1.4 per cent over the past year, hav­ing pre­vi­ously bounced back in late 2009 and early 2010.”

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