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Quality matters as the UK property market slows
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Published by Property Wire
on Tuesday, 16 November 2010
on Tuesday, 16 November 2010
As the UK residential real estate market begins to slow down the value gap between the best properties on the market and the rest is widening, according to a new analysis.
Best in class properties have fallen an average of just 1.4% over the past six months and values are within 2% of their peak, says property adviser Savills.
On average values have fallen by 1.9% over the past six months, leaving them 7% down from their peak.
By contrast, properties that are blighted by factors such as road noise, pylons or being the wrong side of the track are now over 13% from peak, having fallen by 2.6% in six months. Some blighted country houses have lost almost of fifth of their peak value.
