Country house prices stable
PRIME country house prices in England rose by 0.4% between April and June, the second consecutive quarter of growth. However, prime property values remain down by 1.2% on an annual basis and are 21% below the market peak in Q3 2007, say Knight Frank.
Rupert Sweeting, head of Knight Frank’s Country department, says: “Prices in the country house market remain stable, however realistic pricing continues to be all important.
“Spring’s late start has been clearly reflected but in the last month we have been experiencing encouraging trading conditions and see now as an opportune time to take advantage of the gulf between the capital and the country.”