Price growth strong across all regions
Annual property price growth in the South East is significantly stronger than a year ago, as the shortage of property to buy continues to support prices. Agents across the region report the current sales to stock ratio remains high (RICS), with properties selling in just 39 days (Rightmove).
Double-digit property price growth is evident in three areas of the Southern Home Counties. Arun and Worthing are currently the strongest performing areas.
Surge in sales
It is estimated 880,000 property sales took place across the UK in the first six months of 2021, the highest half year total ever recorded and 50% higher than the same period in 2019 (HMRC). It is anticipated sales will top 1.5 million over the course of the year. Buyers have been spurred on by a desire for change and financial savings as a result of taxation ‘holidays’, with over 60% paying no tax on their purchase.
In the Southern Home Counties, the most active housing markets over the past year have been in Horsham and Mid Sussex.
Space to be
The search for space continues to drive many buying decisions. As businesses adopt more flexible ways of working, blended working patterns are set to become the norm for many, and personal wellbeing has shot up the agenda. The local environment, gardens, greater internal square footage and a demarcated space to work from home, all continue to be deemed more important property features in a new home.
Properties for sale in the Southern Home Counties region of the UK
Angmering, West Sussex, 5 bedrooms
This impressive detached property, with an attractive flint-finish exterior, sits proudly on a front-corner plot of this exclusive modern development, Cresswell Park, in Angmering village. The home comprises sophisticated and stylish living throughout, with five bedrooms, a beautiful kitchen with Bosch appliances, a spacious living room and a separate dining room, as well as a garage and driveway parking.
Chichester, West Sussex, 3 bedrooms
This bright and modern three-storey townhouse provides spacious accommodation throughout. In recent years the property has been redesigned to form a well-fitted kitchen/dining room on the ground floor (with direct access onto the patio garden), along with installing a first floor-sliding partition within the third bedroom to allow space for a private study area, nursery or playroom.
Reigate, Surrey, 4 bedrooms
This charming townhouse has been completely renovated and extended to provide spacious and stylish modern interiors, including a generous kitchen-diner with bi-fold doors that lead out onto a fabulous entertaining area. The property is ideally situated close to the centre of Reigate, with Reigate Train Station and local amenities a short walk away.
Make the most of double-digit property price growth with the best estate agent in your area. Contact your local Guild Member today.