MAJOR BOOST TO THE CAMPAIGN FOR A RURAL STRATEGY:
The Independent Food, Farming & Countryside Commission hosted by the RSA in its report launched on Tuesday 16th July ‘Our Future in the Land’ has added its voice to the calls by the RSN and the House of Lords Select Committee for a comprehensive Rural Strategy (more to follow)
Figures show that over the 12 months prior to March 2019, prices in prime markets have fallen 1.8%, the biggest drop in five years. This is attributed to heightened political uncertainty surrounding the UK’s planned exit from the European Union.
There is a wider trend of price rises in the market for properties in urban town and city settings, relative to more rural counterparts. Strong price growth in the years following the financial crisis in areas including Bath, Bristol, Cheltenham and Oxford means values for prime homes in urban locations have surpassed pre-financial crisis peaks.
Rural properties by comparison remain more than 10% below peak levels. Knight Frank said they believe that this relative value could help drive demand in more rural markets in 2019.
→ Estate Agent Today - Prime rural prices see largest fall for five years thanks to Brexit
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