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23 September 2014

King West

Positive Effect of the ‘No’ Result from the Scottish Referendum on the Country House Market.

A difficult decision faced our neighbours north of the border last week and the 55% to 45% result showed just how divided Scotland had become over it’s preference for the future.

With the ‘No’ campaign winning through to a majority vote, our future as a United Kingdom is safe for the time being. Potential changes to the voice of local Members of Parliament across all UK nations will allow close-to-home political choices to more accurately reflect those affected.

Significant renewed interest in the country house market following the referendum no vote was immediately noticeable across the King West offices. Activity recorded in the £1million to £2million price range showed a notable increase in the days following the result.

Houses with land are particularly sought after at present and those located within the Welland Valley are in high demand. To this end, house sales in this aforementioned bracket are often being achieved ‘off market’ without any formal marketing and therefore with very discrete activity.

Stephen King, Managing Director of King West views an optimistic quarter for the country house market expecting considerable movement in the marketplace in coming weeks. ‘The country house market is buoyant and resilient within our region and we expect to facilitates many families’ moves over the next quarter. The volume of demand for top quartile country homes means that we expect to have numerous completions in place for Christmas.’

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