2016 House market

Sales agency Cognatum Property reported that Cognatum properties worth £35 million changed hands last year, 13% less than in 2015. Average values were marginally up by around 3%, but the number of transactions in the second half of the year was lower. This was in line with Savills recent quarterly prime country market report confi rming a slowing down due to the EU referendum and the stamp duty on higher value properties. They forecast little change in values in 2017.