Homes with Equestrian facilities are on average seven percent bigger (3,850 sq ft) than rural properties (3,600 sq ft) according to new research by premier Estate Agent Hamptons International. The research, conducted for Hamptons International’s dedicated Equestrian Division, also revealed that in 2012 the Equestrian homes sold were one and a half times bigger than their country counterparts (2,500 sq ft)*.
Although the size of Equestrian properties tends to be bigger, the research also highlights that typically, an Equestrian home has almost three times as much land as rural homes and nearly four times as much as country properties.
The new research for Hamptons International reveals that Equestrian properties also tend to be higher value than other country or rural homes with 56 per cent selling for over £1million between 2008 and 2012.
Nick Hole Jones, Country House Director at Hamptons International says: “The sector continues to be a niche market place with only around 200,000 Equestrian homes in the UK. A large percentage of the high value properties tend to be purchased by cash buyers who have ensured that the market has remained both fluid and resilient during the downturn. Buyers at the top end tend to put the standard of the facilities before the quality of the house, however size continues to be an important factor with most equestrian homes nearing the 4000 sq ft mark.”
The new research reveals that the specialist nature of the Equestrian property market means that Equestrian homes tend to be on the market for three weeks longer than rural homes and four weeks longer than country properties.
Nick Hole Jones continues: “Although Equestrian homes tend to be on the market for longer, there is certainly a growing trend for home owners to generate an income from renting out their facilities. In addition, those who own rural homes without facilities can now build stables without seeking formal planning permission - we predict this will open up the market significantly over the next few years.”
For media enquiries please contact:
Henrietta Harwood-Smith, PR Manager,
020 7758 8405 / 07866 529 159