Equestrian


Equestrian Properties Introduction


Like bluebell woodlands and rolling fields broken by ancient hedgerows, a paddock of horses (or even a single horse) is a quintessential element in the English countryside. The desire to own and be a part of this rich British tradition is insatiable and has been an important area of expertise for Hamptons International for most


The Market for Equestrian Properties


In line with the wider property market, there has been a slowdown in the volume of equine properties transacted since the market downturn. Activity for these properties across the Hamptons International network declined by 61 percent between 2006 and 2008 and by a similar level over the past 12 months. This compares with the national residential market, with more muted falls of 52 and 26 percent respectively, as shown in Graph 1.


Equestrian properties are far more likely to be a ‘family home’; the one which is held onto for decades or even generations. As a result, this often means that properties turn over more slowly and selectively, with a lower likelihood of needing to sell in a more difficult market environment. Consequently, we have seen the supply of equestrian properties become tightly constrained since 2008. Paradoxically, this is despite a growing demand from purchasers.


As a result, the price of equestrian properties has been quite resilient through the downturn. Average values across the Hamptons International network actually increased between 2006 and 2010 by 17 percent to a high of £1,445,235. This is in stark contrast


©Hamptons International 2011


of its 140 year history. This has culminated this year in the formation of Hamptons International’s dedicated Equestrian division.


This report summarises the recent performance of this unique housing market over the past five years. Further, it considers the specific preferences of buyers for their ideal equestrian home.


Adam Challis Head of Research challisa@hamptons-int.com


Graph 1: Equestrian Property Sales Volumes


100 120


20 40 60 80


0 2006 2007 2008 Equestrian Properties Source: Hamptons International Research, Land Registry Graph 2: Equestrian Property vs England & Wales, Price Index


120 125 130


100 105 110 115


90 95


2006 2007 2008 Equestrian Properties Source: Hamptons International Research, Land Registry 2009 2010 Land Registry 2011 2009 Land Registry 2010 2011


www.hamptons.co.uk/equestrian


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