Prices up 3.4%
Average house prices rose in January according to a new report


Average asking prices are up 3.4% in January compared with December 2007 - but seller caution has led to the biggest monthly fall ever in the number of properties for sale. Overall, the prime country market is up by 0.2%, with most resilience found in Scotland and the south east, due to low numbers of homes on the market. Prime central London is behaving at odds with the rest of the property market in the UK, recording a significant monthly boost in asking prices, according to the new figures from primelocation.com; the average price in prime central London is now at a record high of £1.2 million. This means quality property is still commanding high prices: 'With fewer properties to choose from and sustained demand from the City, investors and international money, asking prices have been pushed upwards,' says Ian Springett from Primelocation. 'However, it is too early to tell whether the price recovery will be sustained,' he adds. Prices in the south east commuter belt have remained buoyant (+1.1%), largely due to a lack of property on the market (down a record 12%). Further significant price rises are not anticipated in the coming months and agents continue to urge sellers to be realistic over pricing. At the very top end, sellers are able to carry on naming their price, as the super-wealthy compete for limited stock of truly super-prime properties, said the report.
Sign up for the Country Life Newsletter
Exquisite houses, the beauty of Nature, and how to get the most from your life, straight to your inbox.
Country Life is unlike any other magazine: the only glossy weekly on the newsstand and the only magazine that has been guest-edited by HRH The King not once, but twice. It is a celebration of modern rural life and all its diverse joys and pleasures — that was first published in Queen Victoria's Diamond Jubilee year. Our eclectic mixture of witty and informative content — from the most up-to-date property news and commentary and a coveted glimpse inside some of the UK's best houses and gardens, to gardening, the arts and interior design, written by experts in their field — still cannot be found in print or online, anywhere else.
-
A well-connected rural playground with 23 acres on the edge of the South Downs National Park
Old House Farm is an impressive family home with a wealth of amenities that would inspire any rural passion.
By Arabella Youens Published
-
The UK gets its first ‘European stork village’ — and it's in West Sussex
Although the mortality rate among white storks can be up to 90%, the future looks rosy for breeding pairs in southern England.
By Rosie Paterson Published