UK Farmhouse Market Remains Static – Carter Jonas

According to the latest research from Carter Jonas, the British rural farmhouse market remained static. Despite this fact, however, property values in different parts of the country varied significantly.

As such, 14 offices of the company reported no changes in valuation of farmhouses in the three months to the end of September 2010. Decreases were registered by only 3 offices; they constituted 6% compared to the second quarter of this year.

The figures, based on the reports from Carter Jonas offices, were revealed in Carter Jonas Farmhouse Index for autumn 2010.

Commenting on the statistics, Ms. Penman of Carter Jonas, who took part in the compilation of the Index, said that the company expects more farmhouses to come onto the market by the end of 2010 and in the beginning of 2011. Improved supply will provide a good opportunity for buyers to negotiate favourable terms.

You can use online comparison tools to find attractive mortgage deals for land and farmhouse purchase that are currently offered by UK banks and building societies.