Local property prices increased by 19% in 2014 and so far this year have already risen by 4% until the end of August. Medium and long term gains are even more exceptional.
Based on past performance potential buyers will be very encouraged to see that prices have risen by 36% over the previous five years, by 47% over the previous ten years and by an astonishing 127% over the previous 15 years.
What is perhaps even more impressive is that prices are now also 21 % higher than at the previous peak of the market in early 2008.
Date..............Average Price.........Average Price Aug 2015.......YEARS............INCREASE
Aug-00..............£144,696.........................£328,091.......................15....................127%
Aug-05..............£223,177.........................£328,091.......................10.....................47%
Aug-10..............£240,897.........................£328,091........................5......................36%
The comparison is based on the average price of all local properties sold including flats, maisonettes, all types of houses and bungalows. Figures for September onwards are not yet available - the Index will be revised as soon as the data is released.
In recent times, demand for properties in Cheam, North Cheam, Sutton, Stonecot Hill, Carshalton, Worcester Park, Ewell, Epsom & Banstead and surrounding towns and villages has increased dramatically. Much of this demand is due to the extremely popular local schools which are nationally renowned and attract large numbers of enquiries, ensuring that property sale levels and prices have remained well above quoted national averages.
Buyers also flood into the area to take advantage of a wide range of leisure and shopping amenities. Flourishing local communities offer popular cafés, restaurants and varied independent shops and businesses coupled with many high street names, creating an enviable mix of retail and food outlets.
These combine with excellent road and rail links, to ensure demand for property remains constant and represents an exceptional investment.
Christies have an unparalleled understanding of the locality and are dedicated to ensuring customers are always informed – not just on the property market and prices, but also the wider area and amenities.
For example, the location of the properties we sell, 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.
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
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