Monday 7 October 2013

Christies Market Review and House Price Index - October 2013

House price growth accelerates in September 

House prices rise 6.2% -

AFP: Eurozone recovery speeds up, activity at 27-month high -

Consumer confidence hits new high -

Home sales exceed 70,000 for second month in row -

UK planning changes allow property owners to do more -

New ranges of buy to let mortgages launched in the UK -

Christies House Price Index

 The latest Christies House Price Index, uses the most up to date reliable data from the Land Registry, and also confirms that property in the local area continues to represent an outstanding investment.

 Medium and long term gains are still exceptional. Based on past performance potential buyers will be very encouraged to see that prices have risen by 26% over the previous ten years and by an astonishing 49% over the previous 15 years.

 What is perhaps even more impressive is that in spite of the much publicized down turn in the property market in 2008 prices are now higher than they were five years ago.

 The comparison is based on the average price of all local properties sold including flats, maisonettes, all types of houses and bungalows. Figures for August are not yet available - the Index will be revised as soon as the data is released so please check this page regularly for any updates.

 Date..............Average Price.........Average Price Aug 2013.......YEARS............INCREASE 
Aug-98..............£104,158..........................£259,391.........................15.....................149%
Aug-03..............£205,837..........................£259,391.........................10.......................26%
Aug-08..............£258,330..........................£259,391..........................5.........................0%

 Over the years, and particularly in recent times, demand for properties in Cheam and Leatherhead and the nearby areas, such as Sutton, Dorking, Ewell, Epsom, Banstead and Kingswood, has increased dramatically. Much of this demand is due to the location of the properties we sell, which are ideally situated on the fringes of London, bordering rural Surrey greenbelt countryside with picture postcard villages and market towns full of rich heritage and character.

Buyers flood into the area to take advantage of a wide range of leisure and shopping amenities. The local schools are nationally renowned and attract large numbers of enquiries, ensuring that property sale levels and prices have remained well above quoted national averages.

Cheam Village & Leatherhead have flourishing local communities with many popular cafés, restaurants and varied independent shops and businesses; this, coupled with many high street names, creates an enviable mix of retail and food outlets. Combined with excellent road and rail links, demand for property remains constant and represents an exceptional investment.
Christies have an unparalleled understanding of the area and are dedicated to ensuring customers are always informed – not just on the property market and prices, but also the area and amenities. When looking at buying a new home, we believe it is imperative that our purchasers are fully informed about all aspects of the potential move.

Your estate agent should be able to answer any of your questions regarding this. We are proud to represent this area and convey that passion to anyone looking to move here.

Please contact either Andrew Richardson, Jeremy Richardson or Richard Killoughery on 020 8643 7777 to get moving or email us at sales@christiesworld.com.

www.christiesworld.com


Posted by at No comments:

Friday 4 October 2013

Christies - Monthly Market Update - 'Staging a Coup'

House price growth accelerates in September -

House prices rise 6.2% -

AFP: Eurozone recovery speeds up, activity at 27-month high -

Consumer confidence hits new high -

Home sales exceed 70,000 for second month in row -

UK planning changes allow property owners to do more -

New ranges of buy to let mortgages launched in the UK -


'Staging a Coup'

 With more people viewing properties now than in the last five or six years, it is extremely important that houses for sale look their very best to maximise their value potential. Nick Churton of our London Mayfair Office makes a few suggestions on how to start.
In the US staging – preparing a property for sale - is big business. Professional staging firms clean, de-clutter, furnish, re-furnish, hang pictures and even decorate to make sure that an individual property looks, smells and feels its very best. Getting a property ready for sale sometimes costs thousands but can add tens of thousands to a sale price so is usually well worth doing.
In the UK staging hasn’t really taken off - despite the TV property programmes that show just what a difference a fresh pair of eyes and a bit of imagination can make.
But while we may not feel the need for a stager we should be aware of that vital first impression which is influenced by the cleanliness, neatness and order of a well-maintained and well-loved home when it is shown at its very best.


As we come into the autumn property selling season now is a good time to think about how your property will appear to a buyer. Your home will look more spacious with fewer things in it. Surfaces should be cleared of clutter. Also it is surprising what a difference can be made by taking away just one piece of furniture from each room. Everywhere will look so much more spacious. Give your home a deep clean and if you don’t want to do it yourself get in a good cleaning company to do it for you. As the evenings draw in get the fire going if you have one. A fire in the home is one of the basic human needs and people always respond.


Telling a seller that the look or condition of their house is not actually doing them any favours can be hard for anyone including an estate agent. It is a highly personal subject. So make it easy on yourself - ask your agent what should be done. And then follow his or her advice.


Preparing a house for sale takes practice and the understanding that more of a blank canvas is preferable so potential buyers can build and decorate in their imaginations without the distraction of other people’s taste. So if you are selling this autumn choose an agent who is not merely going to put your home on the market but one who will help you stage a coup as well and make yours the one that’s most desired.


That is the real way to make more money from a sale - it won't come simply by adding a few thousand pounds to the asking price and hoping for the best.

 Please contact either Andrew Richardson, Jeremy Richardson or Richard Killoughery on 020 8643 7777 to get moving or email us at sales@christiesworld.com.

www.christiesworld.com



Posted by at No comments:
Subscribe to: Posts (Atom)