It’s fair
to say that 2017 has had a bit of an impact on the doubt of property investors.
We’ve seen a lot happen with Brexit, the mortgage tax-relief removal for
high-end tax payers, stricter lending rules for big buy-to-let investors and
the scrapping of stamp-duty for first time buyers (but only for property less
than £300,000). It’s been a crazy year! Yet, you shouldn’t lose confidence in
your investments, and certainly not on property in Surrey.
At Barton Wyatt,
we’re consistently seeing investors buying all over Surrey, from property in Upper Longcross to Windlesham, and this hasn’t faltered
despite the events of the year. Here’s everything you need to know about why
Surrey is still a perfect place to invest your money in property.
Halt in Capital Property Investment
It’s true
that the city of London has been hit slightly, with property investment slowing
and less enthusiasm on the market to take property in the capital. There are a
number of reasons for this, including rising property prices, cost of living
and a dislike of the busy city life. But, with this outflow from London, many
are moving to areas that are far enough out of the city to not be impacted by
the high prices but close enough to make a commute bearable. One of those spots
is Surrey.
An Increase in Demand
This flood
of city dwellers escaping to the welcome tranquility of Surrey hasn’t gone
unnoticed on the property market. In fact, in just 10 years, most areas have
seen a base increase of over 30% on all categories of properties. Flats in
Tandridge have increased a huge amount, rising 56.8% in price since 2007.
This steady
increase in house prices is set to continue. It does make sense, as prices
continue to rise in the city (both property and living costs) and it becomes a
less desirable place to live, Surrey’s popularity ever-increases. This means
that, if you buy property as an investment now in such a hot-spot, you can be
pretty certain that the price of that property will increase over-time at a
good rate.
Worrying Over Nothing
Everything
we spoke of at the very beginning of the article, such as Brexit and tax-relief
cuts, seems to have worried people for no reason. In fact, despite the apparent
bleak outlook, the reality of the UK’s property market is very different. House
prices have seen an inflation of over 6% in the most recent Hometrack report,
in spite of Brexit and all that happened after. So, any doubts you may have
about these things have no evidence to back them up – it’s quite the opposite!
If you’ve
realized what a great investment Surrey is right now, whether you look to buy property near Upper Longcross, Virginia Water or anywhere in our
beautiful county, get in touch with us at Barton Wyatt. We’re
experts in the Surrey property market and can help you with finding the right
property for your money and offering any advice you may need. We’re always
happy to help!
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Check out the other blogs I contribute:Surrey Property Articles | Visual Merchandising | Online Marketing | Sporting After Dinner Speakers
