Three Counties View Property Market Focus - Autumn 2012 2 Three Counties View WELCOME Welcome to the latest edition of Three Counties View, our seasonal update on the property markets that matter to you. Along with a snapshot of activity in Herefordshire, Monmouthshire and Shropshire, we discuss what’s happening in the wider country house market and how it is affected by the booming central Anthony Clay London market. Office Head T +44 (0)1432 273087 We also outline how important it is to Prices in the country house market are
[email protected] expose your property to as wide an now just slightly higher than in 2009, audience as possible, and give you a while prices in prime central London glimpse of some of our properties in have risen by 48%. For example, a the area, both for sale and sold. property valued at £1.8 million in prime central London in early 2009 would Country properties are growing in now be worth around £2.66 million, so favour with Londoners enjoying record the owners would have an extra prices in the Capital and overseas £864,000 to spend on a bigger country buyers benefiting from currency home or more land. movements. Furthermore, currency movements are The significant gap in price helping to make country property even performance between the country more attractive to overseas buyers. market and the booming prime central Singaporeans can now benefit from a London market presents an 40% discount compared to prices back opportunity for the country market, in March 2008, thanks to the with some London homeowners combination of house prices and these cashing in on the record-high values currency movements.