The properties that get better with time, like fine wine.
Properties built prior to 1919 have risen in price by an average 461% in the last 25 years. Victorian, Edwardian, and Georgian properties are proving to be higher in demand as they age. Hardly surprising, considering that they are often larger, situated in desirable locations, and made with their own unique styles that completely outclass the bland houses thrown up at the end of the Second World War.
However, in the few short years since 2007, these same properties have performed the worst, with average prices contracting by 30%. This may be due to the fall in demand for larger properties as the constraints of the current economic conditions have led to greater interest in smaller, cheaper properties.
So, it appears these magnificent juicy grapes are beginning to shrivel down into raisins. I've never tried raisin wine, but I bet it's sweet, like the taste of bagging a Victorian mansion for 30% less than what it cost in 2007. Alas, this wine won't be reaching my tongue any time soon, as £188,473 (the average price of a pre-1919 property) is way out of my budget.Back to News