High London prices driving value-minded consumers to the country

Winnington Road, London home Prime Central London real estate prices are falling, but buyers are still looking to the country, according to a report from The Buying Solution, Knight Frank’s independent buying consultancy. “The Buying Solution Insight Report” shows growth has declined from 8.1 percent to -0.6 percent in the two years to June 2016, with sellers reducing prices by 10 percent or more to counter transaction costs, including recent stamp duty implementations. Nevertheless, value-minded consumers are diverging from the city center to find larger homes for lower prices. “We have seen in the last one to two years that prime Central London, for many people, has become too expensive,” said Jonathan Bramwell, country head at The Buying Solution. “A lot of international money has been coming into London looking for investment properties, or people […]

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