6
Jul
High-end property prices stabilising, expert claims
The prices of top-end properties are stabilising and selling for
"more than ever before", it has been claimed.
Smiths Gore stated that over the past three months, the prime
country home market has improved "immeasurably" and looks set to
continue moving forward.
The firm claims this is especially good news when compared to the
state of the industry at the end of last year, as many properties
were selling for 20 to 25 per cent lower during this period.
Robert Pritchard, director at Smiths Gore, said it is "quite
incredible" that despite few houses being available in the north
Cotswolds, "it seems that there are a number of people chasing the
same property - there is a lot of competitive bidding going
on".
The most popular, he adds, are homes worth £2 million or
more.
According to the Knight Frank Prime Country House index, prime
country house prices fell by 4.7 per cent in the first quarter of
2009, compared to nine per cent at the end of 2008.
