Country market holding firm
The top end of the country market where buying 'off-market' is still common practice is holding firm, while the London market softens, according to a study


According to a study from property search agents The Buying Solution (www.thebuyingsolution.co.uk), the country market is solid with clients buying off-market at up to 15% above asking prices in order to get hold of the property they desire. What we are seeing on the ground as house finders is different from what some of the current figures from commentators is revealing, says Philip Selway, managing partner of The Buying Solution. He says they have taken on more clients this year compared to last and they are more committed. The buyers we are dealing with are generally young couples in their mid-30s with two or three children who don t want to put their children into London schools, Mr Selway explains. They select good country schools or areas and want us to find them homes nearby. Rather than wait for the market to improve, Mr Selway says his clients want to get on with their lives and as they have a 10-year plan at least, they are not worried if they lose a bit on the property over the next year or two. There are some interesting deals to be had for buyers, he adds, and the only issue is if you have to sell in the near future while conditions are perhaps not at their best in the property world. Our buyers are looking for locations close to excellent schools, a reasonable distance from London. This means places along the M40, M4, M3 and A303 typically no more than about two-hours away. Often, the husband keeps a flat as a pied-a-terre in town that he can use when he needs to.
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