News: Prime Country House Index

By Elspeth Pridham
April 17, 2019

Knight Frank has published its Prime Country House Index up to the end of Q1 2019. The report shows an increase in offers made and properties sold subject to contract, it highlights a fall in property prices in regional markets in England and Wales by 0.8% over the first three months of the year. “Recent performance in regional markets reflects heightened political uncertainty surrounding the UK’s planned exit from the EU. A lack of clarity about the outcomes and timings has resulted in caution among some buyers and sellers in prime residential markets. Generally, more moderately priced properties have been resilient. Property worth up to £1 million fell by a relatively modest 0.7% annually, while £2 million-plus properties have fallen by an average of 2.5%,” says Oliver Knight, Associate, Knight Frank Residential Research.

Image: Offham Manor, Teston Road, Offham, West Malling, £1,850,000