News: Autumn 2011
The property market has sprinted into the autumn after an effervescent and lively summer.
The area’s private Parks continue to attract strong interest from buyers. We have excelled in these prime areas in recent months with some notable sales.
Whilst it is too early to say property values have risen, better prices have been achieved through the summer than in the first half of the year. In part we believe this is due to public confidence returning to the merits of investing in residential property, against the backdrop of the dramatic volatility in the world’s stock markets.
"in the last 5 decades, residential property has proved itself
a far better long term investment than commercial property"
One should keep in mind that with residential property, there is always a tangible asset remaining even if values fall. This is not always the case with equity investments, as has been comprehensively demonstrated recently.
Former Conservative MP, Michael Portillo and Alan Collett, Chairman of Allsops Residential Property Management and President Elect of the Royal Institute of Chartered Surveyors (RICS), were keynote speakers at a recent property industry conference in London. Both expressed their astonishment at the tactics of UK Fund Managers who continue their tradition of investing in commercial property, but not residential property. This is in spite of evidence which shows that in the last 5 decades, in real terms, residential property has in fact been a far better long term investment.
Of course investment apart, there is also the matter of getting on with one’s life. If you are thinking of moving home and need sound professional advice, our partners and managers are on hand to assist. Simply give us a call.
Andrew Dewar
Joint Senior Partner
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Curchods operate 18 estate agency offices specialising in properties for sale in Surrey.
