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Prime country house prices remain unchanged, Knight Frank says

Knight Frank’s research revealed prime country house prices have fallen a mere 0.1% between July and September, with annual growth remaining at 0.2%.

The Index tracked price growth and market performance for prime country houses up to the end of its third quarter of the year (Q3 2017).

Commenting on the results, Oliver Knight, research associate at Knight Frank, said: “Despite prices for prime country houses remaining largely unchanged, demand has continued its steady improvement over the summer.”

The findings also showed that Knight Frank sales outside of London were up by 6% year-on-year between January and August 2017.

A lack of stock trend continues, with 8.2% fewer homes worth over £1 million advertised for sale in England and Wales, compared with the same period last year.

Knight added: “Looking forward, falling stock levels at the top end of the market could weigh on sales volumes as the year progresses.”

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