9 Jul

Prime country prices stabilising

Prime country prices stabilising

Property in the countryside in the UK has been among the best performing in recent times thanks to the fact that there is a high demand and a very limited supply.

However, while performance is stabilising within these types of homes at the moment, the prices being paid are still below peak values that were being experienced before the market crashed in 2007.

According to Knight Frank, the last quarter figures show a 0.4 per cent rise in prices, the second time in a row there has been an increase - however, surprisingly this also marks a 1.2 per cent annual fall.

The company went on to say that prices for homes in this bracket are still 21 per cent below the peak that they saw in 2007. It will come as bad news for investors, especially with a report last week stating that prime London properties are now exceeding the highest prices previously seen in 2005.ADNFCR-1222-ID-801610062-ADNFCR

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