According to Knight Frank, country houses valued at £5m-plus saw the strongest price growth of any property type in the UK.
During the second quarter of 2020, growth of 1.2% was recorded in the high-value country house market. This is despite the property market being closed between late March and mid-May.
Knight Frank reported that its overall Country House index was “flat”, as increased demand for outdoor space and greenery offset the impact of coronavirus.
“People are sensing an opportunity now,” partner in Knight Frank’s Country Department, Edward Rook, added. “In the previous three or four years there have been consistent bumps in the road and the clear water people were looking for never came. We had that at last after the General Election and then the lockdown came. People have simply decided it’s now or never.”