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PrimeThames House, 77 High Street Esher, Prime, Surrey, KT10 9QA
Bookham14-18 Church Road, Bookham, Surrey, KT23 3PW
Woking LettingsBridge House, Goldsworth Road, Woking, Surrey, GU21 6JT
Teddington Lettings21a High Street, Teddington, , TW11 8EU
London40 St James's Place, London, , SW1A 1NS
LeatherheadCurchods Land & New Homes Department, Wix Hill House, Epsom Road, Leatherhead, Surrey, KT24 6DY
HeadWix Hill House, Epsom Road, Head, Surrey, KT24 6DY
Weybridge LettingsPortmore House, 54 Church St, Weybridge, Surrey, KT13 8DP
Kingston upon Thames LettingsFirst Floor, 56 - 58 Wood Street, Kingston upon Thames, Surrey, KT1 1UW
WokingBridge House, Goldsworth Road, Woking, Surrey, GU21 6JT
Walton-on-Thames Lettings63 High Street, Walton-on-Thames, Surrey, KT12 1DJ
Property Lettings63 High Street, Property, Surrey, KT12 1DJ
mortgageWix Hill House, Epsom Road, mortgage, Surrey, KT24 6DY
Guildford LettingsThe Clock House, 2 Epsom Road, Guildford, Surrey, GU1 2AF
New HomesCurchods Land & New Homes Department, Wix Hill House Epsom Road, New Homes, Surrey, KT24 6DY
WeybridgePortmore House, 54 Church Street, Weybridge, Surrey, KT13 8DP
West Byfleet56 Station Approach, West Byfleet, Surrey, KT14 6NE
Teddington21 High Street, Teddington, , TW11 8EU
Shepperton58 High Street, Shepperton, Surrey, TW17 9AU
Ottershaw2 Chobham Road, Ottershaw, Surrey, KT16 0NL
New Malden31 High Street, New Malden, Surrey, KT3 4BY
New Haw300a Woodham Lane, New Haw, Surrey, KT15 3NT
Kingston upon Thames56 - 58 Wood Street, Kingston upon Thames, Surrey, KT1 1UW
Guildford4 London Road, Guildford, Surrey, GU1 2AF
Godalming27 High Street, Godalming, Surrey, GU7 1AU
Farnham45 Downing Street, Farnham, Surrey, GU9 7PH
Esher77 High Street, Esher, Surrey, KT10 9QA
CranleighCranleigh House 32 High Street, Cranleigh, Surrey, GU6 8AE
East Horsley12 Bishopsmead Parade, East Horsley, Surrey, KT24 6RT
Cobham7 Hollyhedge Road, Cobham, Surrey, KT11 3DQ
Walton-on-Thames79 High Street, Walton-on-Thames, Surrey, KT12 1DN

19th December 2019

The 2019 Election Result Is Just What The Property Market Needs

Regardless of one’s political persuasion, the General Election result will be an absolute tonic to the property market and provide some much needed certainty.

In recent times potential sellers and to an extent purchasers have been reticent to make a commitment amidst the political uncertainty and ongoing Brexit delays.

However, the Surrey market has actually remained incredibly resilient throughout the intensified Westminster mayhem this year. Curchods have continued to sell homes as although buyer numbers have been down, those that are seeking to move have been committed to making a purchase. It’s just been a case of having to work harder to get results on behalf of our clients.

 

What are house prices going to do in 2020?

With a Government majority now in place who are able to govern and make decisions, the outlook for a busier spring market looks most favourable. Since the election result on Friday 13th December 2019, we have already seen a positive reaction from purchasers in terms of confidence to go ahead.

Rightmove’s latest forecast predicts a 2% increase for house prices in 2020 and it’s already apparent that buyers who now see some stability in the market are concerned that in the New Year house prices may rise and therefore they want to secure their next home before they potentially need to pay more for it. Evidence is emerging of buyers revisiting properties where they have had offers turned down, looking to increase their offer as they are keen to agree a sale this side of Christmas.

 

What the market really needs now, is an increased number of properties available for sale in order to keep up with the current buyer demand we are experiencing.

 

As we head into 2020, I am expecting more sellers coming to the market in the New Year, as we see those who previously had been delaying their move, now able to confidently go to market, safe in the knowledge that provided they use a good High Street estate agent, they will be able to fulfil their moving aspirations.

At Curchods we are gearing up for a busy year and the likelihood that house prices will also show improvement. As a result, I am genuinely excited by the prospects for the housing market in the New Year and throughout 2020.

Michael Ansell
Group Managing Director

 

 

 

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