Prime property markets in England and Wales remains strong despite Brexit

The underlying demand for prime property across England and Wales remains strong with the latest figures showing an increase in offers made and properties sold subject to contract. Prime property prices in regional markets in England and Wales fell by 0.8% over the first three months of 2019, the third consecutive quarter that average prices have fallen, the data from Knight Frank shows. The figures also shows that in the 12 months to March 2019 prices in the prime markets have fallen by 1.8%, the biggest fall on five years. But Oliver Knight, residential research associate at Knight Frank Residential Research, said that the underlying demand for prime property across England and Wales remains strong with Knight Frank figures showing aa 5% increase in offers made and a 22% rise in properties sold subject to contract.