U.K. Luxury Country Home Sales in 2019 Muted by Brexit Uncertainty
July 08, 2019 / Michael Gerrity
According to global property advisor Knight Frank, sentiment is the key driver of activity in prime regional markets in the U.K.. Uncertainty surrounding the UK's political landscape means discretionary buyers and sellers are cautious. Consequently, pricing has been subdued and stock levels are muted.
Prime regional values were virtually unchanged in the three months to the end of June 2019, up by 0.1%. On an annual basis, prices were 2.3% lower. Knight Frank agents noted that despite the uncertainty there remains a market for well-priced stock. Buyers, however, are price sensitive and are increasingly knowledgeable about the market.