2 Dec

UK rural house prices start to rise, says index

UK rural house prices start to rise, says index

UK country home house prices are starting to show signs of positive growth, according to the latest index from Knight Frank.

This will no doubt be seen as positive news by estate agents in rural areas of the UK.

So far 2013 has witnessed an increase in both demand and sales volumes across the prime market for country homes, with an overall rise in prices of 0.8 per cent in the third quarter.

Knight Frank believe that this climb in prices helps point s to a positive 2014 for the prime country market despite the price growth varying heavily regarding location.

The largest price rises will be seen in commuter towns close to London, according to the firms index.

Oliver Knight, of Knight Frank’s residential research division, says: “The gap between the price of luxury homes in central London and the country is at its widest in several decades.”

An average country property valued at £1 million in late 2007 is now worth £800,000. In contrast, a London home valued at £1 million in 2007 has increased in value by £230,000 over the same time frame.”ADNFCR-1222-ID-801667794-ADNFCR

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