The value of the property of the UK country side

Growth in prime country house prices is outpacing other property types in the UK.

There was a 1.9 per cent rise in this housing type in the first three months of the year, while the figure was also 4.5 per cent higher on an annual basis, according to Knight Frank.

It represents the fifth straight quarter that prices have risen and the strongest quarterly growth in four years, which highlights the growing liquidity in the market at present.

People planning on a country purchase should look to complete as soon as possible, as prices are expected to increase over the rest of the year.

“The continued growth of popularity in towns/cities follows the demands of London buyers looking for a quieter lifestyle with excellent education and good communications to London but coupled with cosmopolitan characteristics such as fine restaurants,” said Rupert Sweeting, head of Knight Frank Country.

He added such country locations are effectively starting to resemble neighbourhoods in London’s borough such as Chelsea, Wandsworth and Fulham.

When looking for rural properties, among the big drivers are excellent schools on the doorstep, the convenience of nearby local amenities and good transport links.

The number of new applicants who registered their interest in buying a prime country house in the first quarter was up ten per cent when compared to the same period last year.

With Easter approaching, the property market is starting to gather pace, while a third more of buyers are registering an interest in buying a property in March.

“It has been a brilliant start to 2014 with so much interest from buyers,” stated Tim Wardley, Connells’ divisional managing director.

He added this is always the busiest time of the year, as sellers recognise they will be in a strong position to attract a buyer and, therefore, a good price.


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