Prime prices have risen by £20,000
ASKING prices for prime properties, the top quarter of the market by value, are rising by £74 a day boosting prime home owners’ wealth by an average of £20,000 since the beginning of this year, according to the latest prime index from property website Primelocation.com.
The average asking price for a prime property is now £474,469, up by £20,193 (4.4 per cent) or £74 a day since January. In the same period, asking prices for all properties have increased by £3,636 (1.7 per cent), or £13 a day.
The difference between the two bands has widened in the last quarter. In October, prime asking prices increased by 0.5 per cent, though in Yorkshire it was 0.4 per cent, while in the general market they fell 0.1 per cent.