Country properties for sale 'attracting offers if sensibly priced'
13th Apr 2011
Estate agents are seeing an active market for country properties for sale, as long as they are priced at a reasonable level, according to Fine & Country Homes.
Hadley Lyas, director at the property dealer, said anybody who is pricing sensibly can expect to see interest and offers, as the houses that are sticking in the market are those where clients or vendors are asking too much.
"Those sorts of houses will obtain viewings, but they won't necessarily achieve any offers," he said.
This week, the Buying Solution reported that the £1.5 million to £3 million country homes market is looking particularly strong, with agricultural land commanding record prices of as much as £10,000 per acre.
"There is definitely a difference between the two at the moment. Anything over about £3 million at the moment is taking its time to sell – unless there is something particularly unique about it," added Mr Lyas.
Meanwhile, veteran estate agent Prickett & Ellis said earlier this month that prime property in London is unlikely to see any big movement in house prices in the months to come.
"The only way that prices will come down is if there is some panic and everyone puts their property on the market, or if interest rates jump up by five per cent, which is unlikely," said director Nigel Ellis.
© Zoopla Property Group Plc