The South East of England is now the strongest performing region in the country over the last 12 months, with new seller asking prices up 10% on a year ago, higher than London’s current annual rate of 9.6%.
This new report by Rightmove and Oxford Economics suggests that buyers are seeking better affordability and value ‘out of London town’, and upwards price pressure is being fuelled by a shortage of home owners willing to sell. The analysis predicts that this trend will continue with the South East seeing the highest increase in property values in the next five years, driven by a continuation of this imbalance between supply and demand. While the national average is a 30% uplift, the South East is forecast to be up by 37%, ahead of London at 33%.
Miles Shipside, Rightmove director and housing market analyst comments: “The South East has kick-started its journey on the five-year road to the highest growth in values by overtaking London in this month’s index. Those looking for the best price appreciation in the country should seriously consider the South East…. This is not an opinion-based prediction but the most comprehensive data-driven forecast ever produced, and it shows gains of over 40% in those areas. They are either due a price over-spill from neighbouring areas, have good transport links with London, or both.”
So now may be the best time to sell your home in the South East!
At Check 4 Houses we sell a wide variety of houses, flats, apartments and bungalows across the South East including towns and cities with excellent transport links with London such as Fleet, Farnborough and Basingstoke. With all the knowledge of a local high street agent, but at the cost of an online agent we can sell your property from as little as £499 or 0.5%+VAT, saving you thousands. Please give us a call on 01252 819725 and we would be delighted to come and give you a free, no obligation valuation.