Fewer bar­gains in prime properties

Yorkshire Post - Property - - PROPERTY -

THE num­ber of £1m-plus properties that have had their ask­ing prices cut has fallen to the low­est level for three years, ac­cord­ing to Primelo­ca­tion.

Only 18 per cent have suf­fered re­duc­tions com­pared with 27 per cent a year ago. Rick­mansworth, in Buck­ing­hamshire, tops the list of places where the high­est pro­por­tion of £1m homes are of­fered at less than the orig­i­nal ask­ing price. Al­most half (48 per cent) have had their price cut. Only four per cent of prime properties on the mar­ket in Guernsey have been re­duced in price.

The small­est price re­duc­tions on £1m-plus properties on of­fer in the mar­ket are to be found in the Sur­rey towns of Waltonon-Thames (4.3 per cent) and Guild­ford (4.2 per cent).

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