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 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 13% 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 January 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 Dec 2013.......YEARS............INCREASE 

Dec-98..............£106,315..........................£266,671.........................15.....................151%

Dec-03..............£207,032..........................£266,671.........................10.......................29%

Dec-08..............£235,669..........................£266,671..........................5.........................13%

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, North Cheam, Sutton, Carshalton, Worcester Park, Ewell, Epsom, Banstead, Kingswood 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

www.christiesworld.com

The Wolf of Benefit Street

Has the market turned all in favour of sellers? Nick Churton of our Mayfair Office with a global network of around 500 offices looks at the pros and cons of the market and offers some balanced words of advice.

Could future Conservative policies create a house price bubble? Would a Lib Dem administration levy higher taxes for owners of homes worth over £2m and even more over £5m? Could Ed Balls become the Wolf of Benefit Street? These are all property market questions for the future.

 Meanwhile - scream the newspaper headlines - property prices are going through the roof. The BBC's Robert Peston opines nightly on the market, estate agents are short of stock, a flat the size of a sentry box sells in Chelsea for £1m and everyone from the Governor of the Bank of England to the man in the street seems to be talking about the housing market - again. Sellers are crying out 'happy days' as their properties are once again popular with buyers now fearful of missing the boat and being forced to pay more the following month, and even more the month after that.

But are happy days really here again for sellers? Whichever side of the fence you sit - buyer or seller - the market has its checks and balances. If you sell for more you buy for more – sell for less buy for less. It is the way of things. The problem now facing most sellers is not selling but finding a property to buy at an acceptable price.

This is a tricky time in the market. You have to have sold in order to buy, but you can't sell unless you have somewhere to go. Sell early and you might not get as much as you could. Wait until you find somewhere else and the seller isn't interested in you because he or she can find another buyer in a better position.

It seems only a few short months ago we were advising clients how to sell in a moribund market beset with difficulties brought on by impossible lending criteria, high unemployment, buyer inertia and rock bottom confidence. Now we are advising sellers in a buoyant market driven by eager lenders, government schemes, rising employment, busy builders, more first time buyers, canny downsizers, greater GDP and surging confidence.

So it is not all over for sellers. Happy days are not necessarily back because buyers are plentiful. Sellers do not have the whip hand because most sellers are also buyers. Checks and balances, swings and roundabouts - that is what the market is about.

For estate agents who have seen it all before it is just another day in the office. So do yourself a favour. Find an agent who has seen it all before and benefit from all that experience. It will save you a lot of money and a great deal of time. Moving home can and should be an exciting event - but it is far from easy and never cheap! Swings and roundabouts, checks and balances.

Please contact us on 020 8643 7777 or email at sales@christiesworld.com

www.christiesworld.com