Prime central London house prices appear to have plateaued in recent weeks, failing to recover from the quiet pre-general election period - now it appears the country house market is following suit.
Knight Frank says that despite the certainty provided by a majority government elected on May 7, activity and prices in the prime country house market have been “subdued” ever since.
Average values rose by 0.9 per cent between April and June, dipping the annual rate of growth for high-end rural properties to 2.3 per cent with the blame being put firmly on the stamp duty reforms introduced by George Osborne back in December.
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The strong pound possibly isn’t helping.
"activity and prices in the prime country house market have been “subdued” ever since."
They should just sell all these big country houses to the National Trust and be done with it.
Have to say, I find it very hard to feel too much sympathy when I hear the prime London market is struggling. Could be sour grapes, but I think they'll cope, don't you?
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