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Home Counties
The South Downs
is proving popular
for families who are
& South East
taking advantage
of the decline in
property prices
No place
like Home
Adjustments in property values makes this the perfect
time to buy in the South East region and upgrade to a
fabulous home within commuting distance of London
raditionally, the Home Counties East. It comprises 450 houses owned
T
and South East regions are more by leaders of industry and buyers with
resilient to fluctuations in the overseas connections. “In 2007, more
housing market because of their than 30 completions took place on the
proximity to London, but even in these estate. In 2008, there were only 12,”
areas, the last year has been challenging. explains Paul Finnegan, of Savills Country
Anywhere orientated towards Department. After a quiet first quarter
city workers has suffered because of in 2009, there have been renewed signs
concerns about job security and bonuses. of activity on the estate. Five homes have
The Home Counties showed signs of already been sold this spring, including
deterioration last May and the situation two in the last week, one for £2 million
became considerably tougher as the and another for £4.65 million.
year progressed. “The crucial thing is that sellers have
St George’s Hill Estate in Weybridge to be realistic on price,” says Finnegan.
provides a telling insight into what has “Most of the Home Counties has lost,
happened to luxury homes in the South on average, 20 per cent of its value
compared with a year ago.”
The decline in market value means
Property hotspot | Cranbrook, Kent
that there are fewer people downsizing
and more upgrading. Returns may be
poor if vendors want to release money
The Roundels from their house now. However, it is a
This five-bedroom oasthouse
good time for buyers who want to move
dates back to the 1830s and is
set in one acre of secluded land
up the market because they will save
with a pond. It’s within the considerably on a more expensive
Cranbrook School catchment
house, as long as they have equity in
area and there is a one-hour
rail connection to London from
their existing home.
nearby Staplehurst.
Now is the time to buy
Guide price: £695,000
Nick Warner of Savills Beaconsfield,
Contact: Sarah Simmonds
+44 (0)1580 720 161
Buckinghamshire, has helped a number
ssimmonds@savills.com of people in rented property find the
right home. “On average, they have been
32 savills ultimate property collection
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