Friday, 8 November 2013

Christies Market Review and House Price Index - November 2013


UK economic growth accelerates further -

UK house prices set to rise 17% by 2018 -

Land Registry shows house prices up -

House sales hit four-year high -

“Buying frenzy” in London -

Rents hit all-time high -

Christies House Price Index - the market continues to steadily improve

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 28% over the previous ten years and by an astonishing 51% 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 7% 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 October 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 Sept 2013.......YEARS............INCREASE 
 
Sep-98..............£104,991..........................£263,222.............................15......................151%
 
Sep-03..............£206,406..........................£263,222.............................10........................28%
 
Sep-08..............£245,031..........................£263,222..............................5..........................7%

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



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Winter Wonderhome

Nick Churton of our London Mayfair Office looks at how to get the very best from your property sale during the winter months.

Spring is generally recognised as the best time to sell houses. But not everyone can wait until then. Our lives are not regulated by the seasons as nature itself is. It’s more complicated than that. So now the nights have drawn in here are some thoughts about selling in the coming winter season which will help you get the best results.

With gardens in hibernation and many people having to view houses and flats after dark it takes a little bit more imagination to make your property stand out from others.

First, you want potential buyers turning up in a good mood - not fed up, frustrated and late. Have you ever tried to find house numbers in the dark? It’s not easy, so make sure your number stands out and can be seen easily from a moving vehicle. It is also a very good idea to have a For Sale board outside as this will make your property much easier to find.

Once inside, the lighting and warmth are very important. Rooms should look and feel cosy and welcoming. So use subdued lights, and if you have an open fire then do light it. It will help to give the feeling of hearth and home.

Of course there are some points that apply to selling property in any season, things like making the interior look as uncluttered and spacious as possible. Also, making the price look more like a Christmas present for the buyer than the seller is the very best way to get a quick sale. We know the market is improving. But buyers are not silly – nor are bank or building society valuers - and a widespread urge to buy at any price seems a very long way off.

No property looks quite as good as when the sun is shining and the garden is burgeoning with lush green springtide growth. But with a little thought and some careful preparation your property can become a winter wonderhome to attract buyers.

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



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