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Realistbear

Money Is Pouring Out Of London All Over The Country Market

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http://www.in2perspective.com/nr/2006/04/d...untry-homes.jsp

Demand surges for prime country homes

By Laurie Osborne, Editor

Published 17th Apr 2006, (a Monday) at 11:00AM

In the first three months of the year, the value of prime country homes rose at the fastest rate since mid-2004, according to the Knight Frank estate agency.
Knight Frank’s Liam Bailey, said the UK’s prime country house market was experiencing "
the boom conditions which have gripped central London since the second half of last year.
Prices for all prime country house property (average price £1,440,448) rose 3.3% in the first quarter of this year, an annualised growth rate of 4.1%."
Mr Bailey said that London purchasers were spending record City bonuses on property.
"Money is flowing out of the Capital and into the country house market,”
he said

ODPM figures all wrong then. Better get in quick as the HPC is definately cancelled now. I saw them all in the upscale Stratford EAs this weekend shaking and frothing at the mouth while EAs played frenzied jungle beat music in the background to build rabid excitement among the wild eyed buyers with bags of cash being thrown around with abandon.

:lol:

But wait--it seems that the Europeans are having revenge for all the HPI we caused over there:

Knight Frank said there had been a noticeable growth in purchases by Russian, European and Middle Eastern buyers in and around Surrey and Berkshire.

Looks like Russians and Arabls are the only ones who can afford our 2m pound manorhouses.

Edited by Realistbear

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http://www.in2perspective.com/nr/2006/04/d...untry-homes.jsp

Demand surges for prime country homes

By Laurie Osborne, Editor

Published 17th Apr 2006, (a Monday) at 11:00AM

In the first three months of the year, the value of prime country homes rose at the fastest rate since mid-2004, according to the Knight Frank estate agency.
Knight Frank’s Liam Bailey, said the UK’s prime country house market was experiencing "
the boom conditions which have gripped central London since the second half of last year.
Prices for all prime country house property (average price £1,440,448) rose 3.3% in the first quarter of this year, an annualised growth rate of 4.1%."
Mr Bailey said that London purchasers were spending record City bonuses on property.
"Money is flowing out of the Capital and into the country house market,”
he said

ODPM figures all wrong then. Better get in quick as the HPC is definately cancelled now. I saw them all in the upscale Stratford EAs this weekend shaking and frothing at the mouth while EAs played frenzied jungle beat music in the background to build rabid excitement among the wild eyed buyers with bags of cash being thrown around with abandon.

:lol:

But wait--it seems that the Europeans are having revenge for all the HPI we caused over there:

Knight Frank said there had been a noticeable growth in purchases by Russian, European and Middle Eastern buyers in and around Surrey and Berkshire.

Looks like Russians and Arabls are the only ones who can afford our 2m pound manorhouses.

The market is made at the margins. So what does it matter where the demand is coming from? Demand is demand.

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To be quite honest it doesn't matter if wealthy people bid the prices of these kind of homes up to £10 million...................It's the price of ordinary homes that matters

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To be quite honest it doesn't matter if wealthy people bid the prices of these kind of homes up to £10 million...................It's the price of ordinary homes that matters

But all prices are linked. In a market of limited supply previously peripheral properties get drawn in. The ripple effect is not only geographical.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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