Investors looking for prime property outside the capital, say Knight Frank
19 June 2014
The number of prime properties sold outside of the capital increased by 35% between January and March 2014, compared to the same period of time in 2013, according to research from Knight Frank.
What’s more, the research state that prime sales in regional towns are just 3.3% below the 2007 peak, although rural sales are still 18% below peak levels.
Some of the most robust price rises were found in commuter hotspots Cobham, Henley, Berkhamsted, Beaconsfield and Oxford.
Oliver Knight, Knight Frank Research, said that prime market purchasers targeting urban areas outside of the capital was becoming a trend.
“Prior to 2010, sales of urban and rural homes followed a similar pattern. Since then, while both markets have enjoyed a pick-up in demand, there has been a divergence in performance. Town and city markets have seen a much faster rise in activity than neighbouring village and rural locations,” he said.
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