Prime prices have risen by £20,000

Yorkshire Post - Property - - PROPERTY -

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.

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