The Surrey property market in 2019
Let’s not mention the B-word. Whatever our EU fate, we believe people always need to move home and 2019 has already seen our teams in Cobham, Woking, Hinchley Wood, and Claygate deal with volumes of serious buyers, sellers, landlords, and tenants. In times like this, it’s Surrey’s highly-desirable characteristics - schools, commuter routes, housing stock, and enduring appeal - that ensure our local market has a buffer from wider conditions.
The signs for 2019 are positive - here’s what you can expect over the next 12 months:-
Buyers: all about figures
Purchasers of Surrey property should take heart from the continuation of favourable mortgage lending conditions, which are allowing once precluded first-time buyers to enter the market and families to trade up. Making an offer will become a key buying milestone in 2019, and we’d be happy to advise you on guide prices and negotiation, covering the often forgotten aspect of making sure the price you pay matches a surveyor’s lending valuation. If you need to brush up on the buying process, take a look at our buyers’ guide.
Sellers - less is more
We’re noticing less time wasters, which leaves more genuine buyers in the market - it really is a case of quality over quantity in our part of Surrey. What’s really crucial, however, is a team who will take your sale from offer to completion and at Grosvenor, we’re hands-on in terms of pushing your transaction through. If you’re new to the idea of selling or need a refresher on what happens and when, start by booking a free valuation, followed by a quick read of our seller's guide.
Landlords: a year of change
2019 is the year of regulatory changes and Grosvenor is here to guide landlords through the new rules and regulations that will affect the Surrey lettings market. Ask us for advice on the tenant fee ban, the new mortgage interest tax relief rate, licensing requirements and the change to minimum EPC standards.
Tenants trends in 2019
The good news is standards across the county’s lettings sector are excellent, and you’ll find some beautifully presented houses and flats to rent in Surrey - ready-made homes with real design flair. For added peace of mind, a new law will be introduced in 2019 giving tenants powers to sue landlords if their accommodation is not fit for habitation. If you’re new to renting in 2019, our tenant guide is a great place to start.
You can contact Grosvenor with confidence, whether you’re a seller needing reassurance that a buyer will be found, or a landlord wanting to swiftly fill an empty let. Tell us about your situation today and we’ll create a property plan tailored to your exact needs.