IT was a sign of the strength of the housing market when Liam Bailey’s morning market update from Knight Frank Research on March 31—a mere fortnight ago—highlighted the announcement from the Bank of England that mortgage approvals for house purchase had climbed to 73,500 in February. This is the highest monthly level recorded since January 2014, signalling, Mr Bailey believes, ‘the potential pool of demand once conditions improve’.
His contention is supported by the experience of leading country-house agents who have seen buyers, sellers and lawyers working at remarkable speed to seal high-level deals despite the lockdown. A prime example was the sale of Garlands at 12, Nuns Walk in Surrey’s prestigious Wentworth Estate: a newly built, fully furnished, 10,000sq ft mansion set in four-fifths of an acre of grounds. It came to the market at the back end of last year, at a guide price of £7.5 million through Savills, Knight Frank and local agents Barton Wyatt.
‘The eventual purchaser, an international buyer, viewed the house a week before the lockdown and swiftly agreed a sale for close to the guide price, whereupon the parties involved pulled out all the stops to exchange and complete simultaneously in the first week of April,’ reveals Trevor Kearney, of Savills.
In contrast, it’s been a long haul to the finish line for Knight Frank’s country department and receivers Sanderson Weatherall, who, following best and final bids on tragic, Grade I-listed Parnham House, near Beaminster, Dorset, managed to exchange and complete on the deal, even after the outbreak of Covid-19.
Denne historien er fra April 15, 2020-utgaven av Country Life UK.
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Denne historien er fra April 15, 2020-utgaven av Country Life UK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Save our family farms
IT Tremains to be seen whether the Government will listen to the more than 20,000 farming people who thronged Whitehall in central London on November 19 to protest against changes to inheritance tax that could destroy countless family farms, but the impact of the good-hearted, sombre crowds was immediate and positive.
A very good dog
THE Spanish Pointer (1766–68) by Stubbs, a landmark painting in that it is the artist’s first depiction of a dog, has only been exhibited once in the 250 years since it was painted.
The great astral sneeze
Aurora Borealis, linked to celestial reindeer, firefoxes and assassinations, is one of Nature's most mesmerising, if fickle displays and has made headlines this year. Harry Pearson finds out why
'What a good boy am I'
We think of them as the stuff of childhood, but nursery rhymes such as Little Jack Horner tell tales of decidedly adult carryings-on, discovers Ian Morton
Forever a chorister
The music-and way of living-of the cabaret performer Kit Hesketh-Harvey was rooted in his upbringing as a cathedral chorister, as his sister, Sarah Sands, discovered after his death
Best of British
In this collection of short (5,000-6,000-word) pen portraits, writes the author, 'I wanted to present a number of \"Great British Commanders\" as individuals; not because I am a devotee of the \"great man, or woman, school of history\", but simply because the task is interesting.' It is, and so are Michael Clarke's choices.
Old habits die hard
Once an antique dealer, always an antique dealer, even well into retirement age, as a crop of interesting sales past and future proves
It takes the biscuit
Biscuit tins, with their whimsical shapes and delightful motifs, spark nostalgic memories of grandmother's sweet tea, but they are a remarkably recent invention. Matthew Dennison pays tribute to the ingenious Victorians who devised them
It's always darkest before the dawn
After witnessing a particularly lacklustre and insipid dawn on a leaden November day, John Lewis-Stempel takes solace in the fleeting appearance of a rare black fox and a kestrel in hot pursuit of a pipistrelle bat
Tarrying in the mulberry shade
On a visit to the Gainsborough Museum in Sudbury, Suffolk, in August, I lost my husband for half an hour and began to get nervous. Fortunately, an attendant had spotted him vanishing under the cloak of the old mulberry tree in the garden.
