January 15, 2008

Country houses feel the pinch

One of main pointers to the state of the property market is the way that property market in the country is performing, and during the last quarter of 2007 the country house market saw a price fall of 0.04%, which is not a lot but never the less it is a fall.

Key Highlights:

Overall prices for country properties rose by 7.9% over 2007.
Prices for manor houses were unchanged in the final quarter, although over 2007 as a whole they saw growth of 10.5%.
Farmhouses experienced a small increase in value in the final quarter at 0.6% and ended the year 8.4% higher.
Country cottages saw the weakest performance with values falling -0.7% in the final three months of 2008, although they showed modest growth of 4.9% over the year as a whole.

However it should be remembered that the final quarter of the year is always very slow anyhow.

Source [Planning Information]