Prime country house prices fall
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.”