Average Cost of Manor House Tumbles to Pounds 2.7m ; Property

Summary


The cost of prime country homes dived by a record nine per cent during the final quarter of 2008 as sellers were forced to price their properties more realistically.

The steep fall contributed to a 16.2 per cent slide in the average cost of a manor house, farmhouse or cottage during the whole of 2008, according to estate agent Knight Frank.

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Extract


Average Cost of Manor House Tumbles to Pounds 2.7m ; Property

But the group said the market for top rural properties was now close to the bottom, and there w...

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