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London impact on country house market cannot be ignored

The effect of the London success story upon the country house market cannot be ignored. While the ripple effect has been slower than in previous markets, the record interest and prices achieved for southern farmland and Scottish estates recently are indicators of a thaw and The Country House Company’s view is the glow from the heat of the London market will be felt in the Home Counties in 2013.

Improvements in transport infrastructure and the popularity of country schools make a move out of London compelling. The shortness of the supply of country houses to buy in 2011 and 2012 have frustrated the market and meant that many have taken a rented property as a base from which to house hunt.

However, home ownership is in our national DNA and this has been demonstrated in the majority of our best sales this year – with buyers in country rented accommodation (having moved out of London the year before) buying most of our clients’ country houses.

Matthew Hallett, Partner and Head of Sales said: "There have been a number of good news press releases this week from the property portals and lenders, as well as the Royal Institute of Chartered Surveyors.  As positivity permeates the market, those looking to move will look to selling.

"The traditional ‘3 D’s’ as reasons for sales have become less dominant – lifestyles are now the prevailing driver for many country house moves. The Country House Company specialises in achieving outstanding results for our clients in the sale, acquisition, letting and management of country houses though providing the highest quality service to our clients.  We are positive about the New Year ahead and the markets in London and the Country."

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