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