High-end property market ‘buoyant’

Demand for property costing millions of pounds has remained “extremely buoyant”, with a growing number of buyers looking for houses in prime locations, according to a new report.

Overseas buyers and investors looking for property in the most sought-after areas of London are driving the market.

Adam Ellis, owner of Prime Property Finders, said his study also showed that investors were not being deterred by the high cost of buying property in certain parts of the UK.

“Our surveys of transactions and market movements shows there is a healthy influx of affluent buyers and there is considerable interest in high-grade country houses within easy commuting distance of the capital,” he said.