Buyers seeking out the best properties in Surrey
It was recently reported that the price of properties for sale in Surrey is escalating at a far higher rate than the wages that the average person in the UK is bringing in. Rightmove also said earlier this week that although the south-east as a whole has seen a slight dip in house prices in the latest figures, they have experienced a very healthy 1.9 per cent year-on-year growth.
What this means though, is that those who are buying in these areas are looking for better value for their money, and are seeking out top quality UK property in Surrey as a result rather than simply settling for something they like.
According to Mark Collins, area director at Curchods, people who have quality houses for sale are able to sell them relatively easily because of the fact that these are what buyers are seeking.
"The one thing that we are seeing is that if you have a good house on your books or a good crop of houses on your books, then the market is there. People hunt it out."
He said that one of the most positive aspects of the Surrey housing market is that the homes around there have been relatively impervious to the economic downturn in the UK, managing to retain prices pretty well since the fall in 2007.
"It has been steady since the recovery. The thing that we have noticed now is that it is far more seasonal, so the traditionally quieter periods are quiet and the traditionally busier periods are busy. Rather than it being constant, it has just got more seasonal."
In terms of recent weeks in Surrey, the expert said that the market had performed pretty much as he would have expected throughout August. It is a traditionally slower month, the expert added, and there was little reason why this year would buck that trend.
Mr Collins said that people generally do not bring new homes to the market in the middle of summer, in the same way as they do not at Christmas.
Posted at 04:30 23/08/2012