According to recent research by Commercial and Residential Property Professionals Knight Frank, the price of an average manor house grew by £300,000 in 2006. Figures showed a growth rate of 11.2% across the whole prime country house market over the last 12 months with owners of the most prestigious houses, with an average price of £3 million, seeing their value rise by around £875 a day for a year.
Alongside rising manor house prices, farmhouses and country cottages have also seen a respective rise of 10.8% and 8.9% in the same time-frame.
Knight Frank Partner, Paul Cockerham, said: “The key themes underpinning the prime country house market in the UK, and especially the south of England, are the health of the service sector economy and the wall of money being generated in central London and in the City and Canary Wharf, and secondly, the shortage of supply which has become critical in many market sectors across the UK.
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