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Despite almost daily reports on the poor state of the property market, a new report in the Daily Telegraph shows that many areas populated by million pound houses continue to thrive even in tough economic conditions.
The research was conducted by Savills and examines the areas most likely to be 'recession proof'. All of them are areas where million pound houses are prevalent and the research also proves that while in other sectors of the housing market prices have fallen, the most exclusive addresses in the UK continue to see an increase in prices.
The London borough of Kensington and Chelsea is the most expensive address in the UK and the Telegraph report illustrates that it is still pulling in prices of more than a million pounds.
Sandbanks in Dorset is another area where the property market continues to remain strong. The lure of the golden sands, spectacular views and unique seaside lifestyle, with Pimms on the balcony overlooking the sea view in the summer, good schools and excellent transport links to London certainly make Sandbanks an appealing location, and properties with a sea view continue to change hands for more than a million pounds.
Other areas on the recession-proof list include Surrey, Essex and Harrogate in North Yorkshire.
If you are planning to sell or buy a million pound property it is a good idea to employ the services of a knowledgeable buyers agent.
Buyers agents are not the same as estate agents. They do not compete with estate agents when it comes to selling property, rather they work in partnership, ensuring that the only people to view your property are those with an assured budget and a real interest in making a purchase.
Should you be looking to buy a premier property, a buyers agent will do a lot of the leg work for you and ensure you only view the properties that suit your budget and specific requirements.
Property finders are not restricted in terms of who they can contact, meaning they have the widest possible access to any properties that become available – frequently those that are yet to appear on the open market, because of the strong links they build with estate agents, who know that the details will only be viewed by serious potential buyers. That means that you can exclusively access the widest possible portfolio of properties to suit your requirements.
Elite Property Search are a premier property buyers agent that can help you find your ideal home anywhere in the UK. They understand that every home and every home buyer is different, and take into account all your standards and needs – whether you are looking for an exclusive Sandbanks property with a sea view, a country home or or an old rectory.
You can confidentially discuss your property search by contacting a member of Elite Property Search's team today.