29 Dec

Prime property prices see slight rise in November

Prime property prices see slight rise in November

The prices for prime properties in the UK saw a slight rise in November, as prices improved compared to the month prior.

According to the latest figures from Prime Location, the price of prime properties across the country rose by 0.2 per cent in November. This showed a direct contrast to the rest of the property market, where the average price of houses dropped by 0.2 per cent in the same month.

The report said that prime property prices had reached a record level in each of the last seven months, a trend continued in November, when the average price rose to £475,597.

However, the whole market has not performed to the same level, as London and Wales have seen the best improvements, making up for the six out of 11 areas where prime property prices have fallen. This is however good news for those with property for sale in Newport.

Throughout the year, London has performed better than any other region in the country.ADNFCR-1222-ID-801251641-ADNFCR

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