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| LOCATION | ADDRESS | |
|---|---|---|
| Prime | Thames House, 77 High Street Esher, Prime, Surrey, KT10 9QA | |
| Bookham | 14-18 Church Road, Bookham, Surrey, KT23 3PW | |
| Woking Lettings | Bridge House, Goldsworth Road, Woking, Surrey, GU21 6JT | |
| Teddington Lettings | 21a High Street, Teddington, , TW11 8EU | |
| London | 40 St James's Place, London, , SW1A 1NS | |
| Leatherhead | Curchods Land & New Homes Department, Wix Hill House, Epsom Road, Leatherhead, Surrey, KT24 6DY | |
| Head | Wix Hill House, Epsom Road, Head, Surrey, KT24 6DY | |
| Weybridge Lettings | Portmore House, 54 Church St, Weybridge, Surrey, KT13 8DP | |
| Kingston upon Thames Lettings | First Floor, 56 - 58 Wood Street, Kingston upon Thames, Surrey, KT1 1UW | |
| Woking | Bridge House, Goldsworth Road, Woking, Surrey, GU21 6JT | |
| Walton-on-Thames Lettings | 63 High Street, Walton-on-Thames, Surrey, KT12 1DJ | |
| Property Lettings | 63 High Street, Property, Surrey, KT12 1DJ | |
| mortgage | Wix Hill House, Epsom Road, mortgage, Surrey, KT24 6DY | |
| Guildford Lettings | The Clock House, 2 Epsom Road, Guildford, Surrey, GU1 2AF | |
| New Homes | Curchods Land & New Homes Department, Wix Hill House Epsom Road, New Homes, Surrey, KT24 6DY | |
| Weybridge | Portmore House, 54 Church Street, Weybridge, Surrey, KT13 8DP | |
| West Byfleet | 56 Station Approach, West Byfleet, Surrey, KT14 6NE | |
| Teddington | 21 High Street, Teddington, , TW11 8EU | |
| Shepperton | 58 High Street, Shepperton, Surrey, TW17 9AU | |
| Ottershaw | 2 Chobham Road, Ottershaw, Surrey, KT16 0NL | |
| New Malden | 31 High Street, New Malden, Surrey, KT3 4BY | |
| New Haw | 300a Woodham Lane, New Haw, Surrey, KT15 3NT | |
| Kingston upon Thames | 56 - 58 Wood Street, Kingston upon Thames, Surrey, KT1 1UW | |
| Guildford | 4 London Road, Guildford, Surrey, GU1 2AF | |
| Godalming | 27 High Street, Godalming, Surrey, GU7 1AU | |
| Farnham | 45 Downing Street, Farnham, Surrey, GU9 7PH | |
| Esher | 77 High Street, Esher, Surrey, KT10 9QA | |
| Cranleigh | Cranleigh House 32 High Street, Cranleigh, Surrey, GU6 8AE | |
| East Horsley | 12 Bishopsmead Parade, East Horsley, Surrey, KT24 6RT | |
| Cobham | 7 Hollyhedge Road, Cobham, Surrey, KT11 3DQ | |
| Walton-on-Thames | 79 High Street, Walton-on-Thames, Surrey, KT12 1DN |
6th December 2017
Property
The future of the housing market is a constant topic of discussion and a source of worry for some, whether the investment they’ve made in purchasing a property will prove a good one long term. This post takes a look at the current activity levels of buyers in Surrey and the historical trends in property values, so by the end you’ll be confident about the future of the Surrey housing market.
There has been a lot happening on the political scene over the past year with the vote to leave the European Union and the outcome of the election in June. Whilst it would be flippant to dismiss these influences on the housing market as inconsequential, they’ve not stopped people moving.
The recent news of changes to Stamp Duty by the Chancellor is expected to have a positive effect on both activity levels and property values in Surrey.
Regardless of decisions made in Westminster, property still represents a sound investment for the longer term.
Land Registry data shows the average property in our area changes hands every 16 years. If we look back over the past 16 years there have been many domestic and world changing events including the Iraq war, three changes of Government including four prime ministers, a major financial crash followed by a recession and changes in Stamp Duty and property taxation, to name but a few.
In spite of these events, in that time the average value of Surrey property has increased on average by 137%!
Source: Land Registry UK House Price Index
This demonstrates that many buyers understand that purchasing a home is a long term commitment and whilst the market can suffer short term fluctuations, property still represents a sound investment with the trend during our lifetime being a steep upward curve.
Most importantly, we must not lose sight of the fact that we are buying a home and not just a financial investment.
Whilst none of us can accurately predict the future, it’s reasonable to assume that the housing market will continue to ebb and flow, with the medium to long term trend being a continued rise.
Over the past year we have seen property values stabilise, resulting in both buyers and sellers having the confidence to move, producing a steady turn over.
There continues to be a strong demand, which is fuelled by a low housing stock, unprecedented low interest rates, the ready availability of mortgage lending and a thriving local economy.
This is generally dictated by your personal circumstances, whether that is the need for a larger family home or the wish to downsize into something more manageable.
Whatever the driver, if you are staying within the local area the market conditions are going to be the same and if you are looking to cash in and move further afield, the strength of the local market may work to your advantage.
Before jumping in, always get the best professional advice for both the value of your existing home and the new mortgage.
