The Prime Purchase team explore what is really going on in the property market.
Across the prime country market prices have, on average, softened over the last year but across the Midlands, North and Scotland prices continue to rise.
Prime London values have continued to fall but the averages mask huge variation in performance, with early signs that the market for the best properties is bottoming out.
In farming terms, when agents talk about the value of land they broadly categorise it as 'arable', 'pasture' or 'wood', with the best arable being the most valuable and wood/scrub the least.
Tim Corfield is one of the founders of Corfield Morris. Led by former directors of Sotheby's, Corfield Morris advises clients on the sourcing and acquisition of works of art, fine furniture and other cultural assets.