Prime property market outperforming across all regions

 

The team at Quealy & Co have discovered that all 10 regions across England and Wales have registered an outperformance of prime homes (top 25% of sales) in the 12 months to end of October 2022.

This ranges from 4.8% growth in the North East to 11.1% in the South West. The average rate of annual growth for the top quartile of the market stands at 8.4%.

Prime markets have, on average, increased 2.7% more than the market as a whole.

Nationally, house price growth has slowed considerably overall but there will remain opportunities for growth, including in prime markets where buyers have more equity and are less reliant on mortgage finance.

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Quealy & Co are here to help

Quealy & Co are your trusted estate agent in Sittingbourne. Get in touch with a free, no obligation appointment to discuss your requirements. We are happy to provide advice on the current property and financial market, tailored to your specific circumstances.

Call us 01795 429836, email hello@quealy.co.uk or pop into our Sittingbourne office for a chat.  

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Source: Dataloft, Land Registry (12 months to end of October 2022, calculated on £ per square foot basis)