Friday 10 January 2014

Christies House Price Index - the market continues to steadily improve

Help to Buy set to help many more to move -
London fulfils international investor dreams -
House prices could rise 8% next year, says Halifax -

House price boom continues -

Rents rise twice as fast as wages -

Rent arrears revealed as UK's fastest growing debt problem -

Huge rise in lending to first-time buyers -

Buy-to-let lending to increase 25% in 2014 -

Top ten tips for DIY investing -

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 29% over the previous ten years and by an astonishing 151% 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 11% 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 December onwards 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 Nov 2013.......YEARS............INCREASE 
Nov-98..............£105,886..........................£265,623.........................15.....................151%
Nov-03..............£206,221..........................£265,623.........................10.......................29%
Nov-08..............£239,399..........................£265,623..........................5.........................11%

Over the years, and particularly in recent times, demand for properties in Cheam, Sutton, Carshalton, Worcester Park, Ewell, Epsom, Banstead, Kingswood, Leatherhead and surrounding towns and villages 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, Sutton, Carshalton, Worcester Park, Ewell, Epsom, Banstead, Kingswood and Leatherhead all enjoy 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 us on 020 8643 7777 or email at sales@christiesworld.com
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