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Posh car 'pushes up house prices'

Wed, 14 May 2014

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