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spring 2010
Beaconsfield SALES INSIGHTKnight Frank
William Furniss
Office head, Knight Frank Beaconsfield +44 (0)1494 675 368
William Furniss, head of Knight Frank's Beaconsfield office, discusses
the local property market and what the next 12 months might have in
store.
What impact do you think the forthcoming
General Election will have on the market?
Traditionally the market slows over the election
period before a flurry of activity shortly
afterwards. This year, however, we have not yet
seen an easing off in interest, so hopefully we
will continue straight through.
How has the market performed so far in 2010?
Despite the poor weather at the start of the year,
there has been a constant demand for good
quality, sensibly-priced houses. This demand has
outweighed the supply of houses coming to the
market, so some pleasing results have been
seen.
Is there still a good supply of buyers looking for
country properties?
The number of prospective buyers registering
with us has been above the norm and continues
to outstrip supply. There is a very obvious drift
out of London; Buckinghamshire is a beautiful
area of countryside yet within an easy commute
of London. The market is also fuelled by
international buyers taking advantage of the
current beneficial exchange rates.
Have house prices stabilised after last year’s
increases or are they still going up?
Prices did indeed climb at the end of last year,
the feeling this year is that achieved prices are
on a more level plateau but with a better number
of transactions. Some individual houses are
able to achieve a premium and this will continue
as long as the number of houses for sale
remains at the current, low level.
We own a lovely house, but it is worth less than
a million pounds. Can Knight Frank still help us
to sell it?
Of course we can. Although we are the UK
market leaders when it comes to selling the
most expensive houses, nearly 40% of the
houses we sold across the country during the
past 12 months were actually priced between
£500k and £1m. We pride ourselves on offering
an exceptional service regardless of the value of
your property.
What role does the internet and new
technology play in selling a house?
A substantial one and, apart from constantly
improving its website, Knight Frank is always
looking to harness the latest technology to help
sell your house. For example, we have recently
released an innovative Knight Frank “iPhone
app”, continuing our drive to get your property
comprehensive national and international
coverage.
Total property for sale
Table 1
Market activityLast 3 months, year-on-year change
Newly available property for sale
Viewings
Sales
-56%
25%
230%
700%
Beaconsfield at a glance
Page 1 of 2
"demand has
outweighed the
supply of houses
coming to the
market"
22%7%
48%
23%
Home region London
Rest of UK International
30%7%3%
11%35%
15%
<£500k £500k to £1m £1m to £1.5m
£1.5m to £3m £3m to £5m £5m+
Figure 1
Location of our buyersBeaconsfield, last 12 months
Figure 2
Sales by price bandBeaconsfield, last 12 months
spring 2010
Beaconsfield SALES INSIGHTKnight Frank
80
82
84
86
88
90
92
94
96
98
100
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb30
40
50
60
70
80
Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
< £500k £500kto £1m
£1m to£2m
£2m to£3m
£3m to£4m
£4m to£5m
£5m +
Charting the market
Figure 4
Days to sale from instructionPrime country property, last 12 months
Your properties, our people
Figure 3
Price change by price bandPrime country property, last 3 months (%)
Figure 5
Average % of guide price achievedPrime country property, last 12 months (%)
Outstanding new build house
Guide price:
£4,750,000
Gerrards Cross,
Buckinghamshire
For sale
6 bed
Immaculate village tranquility
Guide price:
£750,000
Routs Green, Bledlow
Ridge, Buckinghamshire
For sale
4 bed
Pretty rural farmhouse
Guide price:
£1,600,000
Penn, Buckinghamshire
For sale
5 bed
Perfectly positioned family home
Guide price:
£1,595,000
Chalfont St Giles,
Buckinghamshire
For sale
6 bed
POA
William Furniss
Partner/Office Head
Russell Grieve
Partner
Toby Milbank
Partner, London
Country Homes
James Crawford
Partner, London
Country Homes
Knight Frank Beaconsfield
01494 675 368
Old Mulberry Yard, London End
Beaconsfield, HP9 2JH
www.knightfrank.co.uk
If you have any queries or would like to obtain additional information on the UK or international housing markets please contact: Liam Bailey, Head of Residential Research, +44 (0)20 7861 5133, [email protected]
© Knight Frank LLP 2009 - This report is published for general information only. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no legal
responsibility can be accepted by Knight Frank Residential Research or Knight Frank LLP for any loss or damage resultant from the contents of this document. As a general report, this material does not necessarily represent the
view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is allowed with proper reference to Knight Frank Residential Research. Knight Frank LLP is a limited liability
partnership registered in England with registered number OC305934. Registered office: 55 Baker Street, London, W1U 8AN
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