Posh cars 'raise house prices'Thu, 15 May 2014 00:00:00 -0700
HAVING a posh car in the driveway can push up property prices, according to a survey.
As many as a third of people reckon having a luxury motor outside their home can add to the value of their house, the poll by car rental company Avis found.
Around a third of the 2,000 adults surveyed also thought a flash car would help sell a property.
This seemingly necessary accessory was most valued in Wolverhampton, where respondents reckoned it would add as much as £6,100 to a property.
The majority (57%) admitted they took notice of a luxury car in the drive when viewing a new home. A top-end model gave the impression it was a safe and desirable place to live and the property was an attractive one.
Car models seen as being the best to have parked outside a property include Mercedes-Benz, Audi and BMW. Open-topped vehicles were also seen as a boon, particularly when trying to entice women buyers.
By Peter Woodman, Press Association Transport Correspondent