Quality Always In Vogue
Posted Jan 20, 2011
Property with a price tag of £1 million or more will be popular throughout 2011, it has been predicted.
Nigel Ellis, director of Prickett & Ellis, explained that the relative cost of "prime expensive" properties fell with the value of the pound, leaving them cheaper by 20 per cent.
"So while the rest of the country is suffering recession, you have a lot of foreign money coming in," he said.
Research by Primelocation.com has shown that 2010 was a boom year for highly-priced homes - there are now 39 per cent more on the UK market worth over £1 million than in January 2010.