Country house market could open up this year

Date: 19/01/2009 16:29

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More country homes could be available to property buyers this year as prices are predicted to fall. However buyers are urged not to forget the importance of a good home insurance policy in their hurry to purchase a new home.

The early months of 2009 could be an ideal time for potential buyers to get home insurance and purchase a new property.

Mark Milner, chief executive officer of Primelocation.com, said that those interested in buying a country home could become "more active" during the spring of 2009.

He said that sellers were becoming more realistic about how much their homes could fetch, meaning potential buyers could snap up a bargain.

Recently published figures show that the value of country homes is falling in the UK.

Information released by Knight Frank this month shows that country houses fell in value by 16 per cent last year.

Manor houses were valued at an average of £2.7 million, a fall of just over 15 per cent.

InsureandGo home insurance could be an essential purchase for those who are spending money on a new home, offering cover for damage to property and reassurance should problems arise.

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