Good time to sell a house in Surrey

Posted: 12 May 2006 09:44:42 GMT

House sellers are reportedly enjoying prime conditions in and around Surrey, with improved buyer confidence pushing the average house price up five per cent to £290,000.

Figures from the Land Registry this week show that between January and March, the volume of sales in the area increased by 57 per cent to 788 and it is quite evident that buyers are again enthusiastic about the market.

Confidence is in fact a remarkable thing in the property market, as witnessed in 2005 when it seemed to almost evaporate for several months.

When interest rates were cut in August, this situation began to change and in the subsequent months confidence has been soaring.

The Surrey Comet reports that Surbiton's prices are also up, with the 5.2 per cent rise taking the average property price to £262,901. While New Malden saw prices staying fairly static, a 6.2 per cent increase in Chessington means that the average house in the area costs £215,189.

With confidence high up and down the country, more and more sellers are choosing to advertise their property online, to appeal to a wider audience and to forego the usual fees paid to an estate agent in commission.


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