As the London property market continues to slow, the Home Counties presents the ideal choice for homebuyers to re-locate. In particular, Surrey is an area where the property market is performing well and continues to thrive. Recent figures released by the HM Land Registry, show a staggering 31 per cent property price increase in Surrey, between 2007 and 2017.
With a selection of attractive prospects, such as excellent commuter links, high employment rates and strong educational options, the property market in Surrey is expected to remain incredibly strong. Investment in the region’s infrastructure is vital in the demand for new homes. One example is the £150 million project to refurbish Guildford train station, further enhancing the already high-profile status of the area. Residents of our Hops End development, in the neighbouring village of Puttenham, will benefit from these improvements and commuters will be able to take advantage of improved access into central London.
As well as Guildford, there are several commuter hotspots in the region. Recently, Dorking was named the second-best place to commute to London based on a combination of factors including house prices, journey time and the cost of an annual travel card. Our development in Dorking, Little Logmore benefits from convenient access to both Dorking and Dorking Deepdene train station which both reach London Victoria and London Waterloo in less than 55 minutes. This sought-after Surrey market town also boasts a bustling high street, highly rated schools and varied choice of homes for a range of buyers – all of which will retain further appeal in 2018’s market.
With Londoners continuing to be priced out of the city, I predict an upwards trajectory in the Surrey region. With Help to Buy available on selected properties at our Surrey developments, buyers moving South will be able to secure more for their money. This all adds up to a positive outlook for the market in Surrey, where property values continue to rise and ensure buyers will benefit from favourable market conditions.