propertytalk Live! - London sends out early spring shoots to the country market
The first green shoots of recovery have been seen in some prime residential markets beyond London which recorded their first quarterly price rise in a year, according to the Savills prime regional index.
Key commuter hotspots, close to London, showed particularly strong quarterly growth of over 5 per cent.
Average values in the UK index (which measures properties averaging just over £1 million) increased by a marginal 0.6 per cent in the first three months of this year. This growth was mainly confined to the South East where values rose by 1.5 per cent, driven by the equity-rich sellers of London homes who started to make the move to the country.
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