Thursday 7 August 2014

Passing the Baton


Nick Churton from our Mayfair Group global network looks beyond the Commonwealth Games to a slower paced event where the losers could be left without a home.

The Commonwealth Games has been a spectacular success of which Glasgow and Scotland can be proud. 


All the events have been exciting to watch - but perhaps none more so than the relays on the track, in the pool and in the triathlon. 

We all love a good relay. Yet some people may not have noticed another long-running event held over recent years in that other great sporting arena – Westminster. This is the minister for housing relay.

The government has just announced its fourth minister for housing since the start of this parliament four years ago. The Labour government before it had nine ministers in charge of this portfolio during its thirteen-year term. In a country that is crying out for some sort of cohesive housing policy – an area of government which, like health, education and the economy, needs long, long term goals and strategy - these statistics are a very poor indictment.

Thirteen housing ministers in seventeen years: one could be forgiven for questioning the deep commitment to housing policy from both sides of the House. In this relay both Labour and Conservatives have been passing the baton every fifteen to sixteen months on average. That’s hardly time for each runner to get up to speed, never mind time to create a sensible, sustainable, and socially, morally and environmentally acceptable legacy for future generations.

Anyone who has passed or taken a relay baton at full tilt will know how difficult it is to do well. Sadly the recent housing ministers all seem to have been travelling at walking pace at the changeover. So it’s not even the case that we are able to enjoy the action. There is no real action going on. But we would like to think that something is being done to provide enough modern and efficient homes for a modern and efficient society, and that the country can be saved from lurching from housing boom to bust. 

We also need reassurance that the failure of successive governments to implement meaningful long-term housing policies over the past four decades will not mean that low-paid workers and those who provide our vital social services struggle to even save up for a deposit, never mind qualify for a mortgage.

Let’s hope that whoever is in charge after the next general election will select a minister for housing who is good enough to hold on to his or her baton long enough to help make Britain be a place where everyone can find and afford a place.


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

Saturday 2 August 2014

Christies House Price Index - Local property prices now 7% above previous 2008 peak

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 34% over the previous ten years and by an astonishing 164% over the previous 15 years.

What is perhaps even more impressive is that prices are now 33% higher than they were five years ago and are now more than 7% higher than at the previous peak of the market in March 2008.

The comparison is based on the average price of all local properties sold including flats, maisonettes, all types of houses and bungalows. Figures for June 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 June 2014.......YEARS............INCREASE

Jun-99..............£110,142..........................£290,958.........................15.....................164%

Jun-04..............£216,795..........................£290,958.........................10.......................34%

Jun-09..............£218,537..........................£290,958..........................5........................33%

Over the years, and particularly in recent times, demand for properties in Cheam, Sutton, Carshalton, Worcester Park, Ewell, Epsom, Banstead, Chipstead, Kingswood, Tadworth 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, Chipstead, Kingswood and Tadworth 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