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The demand for country houses in the UK has driven prices to a four-year high.

 

Prices for country houses, including, cottages, farm houses and manor houses rose 2% in the three months to September from the previous Quarter according to the estate agent Knight Frank as the number of offers accepted outside of London were at an all-time record.

 

With working from home becoming a long-term reality for many office workers in the wake of the Coronavirus pandemic, those who can afford to do so have been moving out of London and other big cities to more rural areas in search of larger houses. In the south-east and the east of England prices rose 2.1%.

 

Prices for country houses valued at less than £1m rose by 1.8% on the previous quarter, while houses valued at more than £1m recorded growth of 2.3% according to Knight Frank.

 

Other data from estate agents and mortgage lenders have shown that property prices are on the rise in leafy commuter towns.

 

Despite the second lockdown and the weakening job market offers for houses accepted outside London were still at al all time high in the second week of October, suggesting exchanges would continue to rise in the run-up to Christmas.

 

Source -  https://www.theguardian.com/business/2020/nov/03/uk-country-house-prices-hit-four-year-high-in-race-for-space

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