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Elite Property Search, the UK property specialists that operate in the million pound houses market, has seen a recent, dramatic slowdown in the supply of high quality prime residential property. As one country house estate agent quipped: “the Christmas slowdown has come early.
Country Life magazine, which many consult as the barometer of the country house market, has seen a drop in listed country properties. It has thinned down to the point where it is advertising just seven country properties within the Home Counties.
Part of the reason for this is that many prospective vendors are choosing to hold off plans to openly market their property until 2011 – a phenomenon usually witnessed around the Christmas period.
However, this should not be misinterpreted. Vendors have not necessarily changed their attitude toward selling; rather, they are simply biding their time.
According to a recent report in the Daily Telegraph, the million pound house market remains buoyant, unlike other areas of the property market. Houses worth more than £1 million have rocketed by £134,000 in the past year.
All this means that using the property finders such as Elite Property Search becomes ever more valuable in the current climate.
Elite Property Search have access to a large number of prime properties that have not yet come to the open market. Clients of Elite have the advantage of exposure to these privately available “bottom drawer” properties of the selling agents. They can also access Elite's vast database of private sellers.
“Elite Property Search have the unique ability to source property off-market. Savvy vendors who are keen to capitalise on our access to top quality buyers, will inform us of their intention to sell months before bringing their property to the open market,” says Max Storey, a director at Bournemouth based Elite Property Search.
“Elite have over a billions pounds worth of property that is available to purchase in this
A buyers agent such as Elite can help you find that perfect property more quickly and can ensure you only view the properties that meet your individual credentials.
If you would like to discuss your UK property search in full confidence and find out how we can help further, please contact one of the Elite Property Search Directors.
Read the full story in the Daily Telegraph: