Prime coun­try house prices fall

Yorkshire Post - Property - - FRONT PAGE -

PRIME coun­try house prices fell 0.5 per cent in the first quar­ter of this year, mod­er­at­ing from a 1.7 per cent de­cline at the end of 2011, say Knight Frank.

The an­nual fall in prices widened to 4.1 per cent but prospec­tive buy­ers are up 32.5 per cent on the year and sales vol­umes have in­creased, with a 13 per cent rise in the num­ber of ex­changes

Grainne Gil­more, Head of UK Res­i­den­tial Re­search, says: “Feed­back sug­gests that the changes to the stamp duty regime have been fac­tored into pur­chasers’ bud­gets.

“The eco­nomic tur­bu­lence buf­fet­ing the coun­try has had an im­pact, and has taken a par­tic­u­lar toll on the mar­ket for homes worth £1m to £2m, where val­ues fell by1.4 per cent on the quar­ter.”

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.