It is clear now that demand is being driven much more by size and value than location, with buyers prepared to move further afield for a good deal.
Variation by price
Across the country market we are continuing to see the effects of the stamp duty reforms, with properties worth over £2 million experiencing small price falls over 2016. This being said, at the top end of the country house market, demand has been noticeably bolstered by international buyers taking advantage of the weakness of sterling.
Lower value stock has performed slightly better but still experienced only marginal annual growth. Likewise, lower value markets slightly further from London have fared better than their closer counterparts, with the strongest annual growth seen in the outer commute – areas typically 30–60 minutes travel time from the capital.