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Overseas Investment property guide sales |
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Whether you're
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The number of properties selling
for more than £1m fell by just over a quarter
during the first six months of 2005, the Halifax
bank has said. Sales of seven-figure homes stood at
1,508 in the first half of the year compared with
2,033 during the same period last year. London saw
by far the biggest fall in £1m-plus property
sales followed by the south east, south west and
East Anglia. The fall reflects a general slowdown
in the UK property market, Halifax said. But
overall, sales of £1m properties have proved
more resilient to the slowing housing market than
less expensive property Hardy market "Nationally
the uppermost sector of the residential property
market has held up relatively well with the 26%
fall in sales of £1m properties comparing with
a 36% decline in total house sales between the
first halves of 2004 and 2005," Martin Ellis, chief
economist at the Halifax said.
Sales of £1m homes accounted
for just 0.4% of all properties that changed hands
during the period, and even in the high price
London market they accounted for just 2% of total
sales. One out of every three homes that sold for
more than £1m was in either Kensington and
Chelsea or Westminster during the six months.
Halifax estimates that there are around 53,400
£1m-plus properties across the UK - up from
3,400 in 1995. In London there are around 33,000
£1m-plus homes, compared with 2,600 in
1995. If
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This house is a
substantial detached period 3 storey residence in a
large garden . It has planning permission for 5
bedroom house and 3 apartments . Near Wimbledon
Tennis Club
for sale at auction
. more details at Nelson
Bakewell
Ferry Inn for
sale
This house was
built for Queen Victoria's daughter Princess
Louise . It is one of only 2 buildings in
Scotland designed by Victorian architect Edwin
Lutyens . It has 4 bedrooms , 3 bathrooms , a
drawing room , dining room , study , amazing views
of Loch Gare and 2 acres of ground . contact FPD
Savills
Linn Park
Linn Park mansion
house in Cathcart has been bought by a developer to
convert into a block of flats .
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Duncraig
Castle
Duncraig
Castle
, near Plockton , Ross-shire has been sold . The
castle has been empty for 12 years . The castle has
been used as a catering college and when the BBC
series Hamish Macbeth was filmed in nearby Plockton
the production crew and cast used the castle as a
base .
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Breeze's
Tower was built in 1820 (by a tea merchant named
Captain Breeze).
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