Below is CoreLogic data examining price growth across the three broad market segments – bottom 25%, middle 50% and top 25%. This shows that the most expensive properties have shown the most improvement, in terms of annual price growth, and are leading the nascent price recovery:
After experiencing much larger falls than the other two segments (following a larger growth phase), the most expensive segment of the market is seeing its rate of falls slow. This is a trend that has played out before whereby premium housing values fall the fastest initially but also sees the falls cease earlier than other market segments.
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