Fresh from winning gold at the British Property Awards for the second year running, Richard Stovold, Director of Seymours Burpham, comments on the property market in Surrey
“Recent media reports may well suggest that UK house prices are being ‘dragged down’ by London but, in our view, we’re not seeing anything unusual from what you would expect at this time of year.
“There is always a natural seasonal slowdown in the summer months however, in some areas of Surrey, we’ve already seen signs of a bounce back in house prices at the start of the new academic year when life returns to ‘normal’.
“So, while the rate of property prices may have slowed overall in recent months, it’s not all doom and gloom. In fact, a slower rate of growth signals stability within the market, enabling earnings and inflation to better align with property values. This in turn will allow more buyers (particularly upsizers) to be able to afford their next step on the ladder, encouraging buoyancy within the market.
“Surrey remains very strong at the top of the supply-demand seesaw (the ultimate factor for what house prices are decided on) thanks to its excellent schools and close proximity to London, which makes it a number one choice for home buyers, particularly those moving away from the city.
“However, as we head into one of the busiest times of year for the market and with buyers doing much more research upfront, setting the right price for your property is crucial to get people through the door.”
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