In the South East region, the average price of property is £1,302,081, which represents an 11.1 percent annual change. The premium price threshold in the South East is £905,000, which means that the top five percent of sales in the region were above this figure. Over the last 12 months the average price per square foot has been around £517. The total value of sales over the past year has been £6.98 billion with 3,787 sales at or over £1 million.
Prime property price growth in the South East is stronger than the average across England and Wales. In six of the region’s ten key market areas, the average price of a prime property commands a seven-digit sum. The price threshold for a prime market property in Reading, Oxford and Guildford is £1 million or more.
The highest price increases seen in the South East is in Reading at 26 percent, closely followed by Chichester with a 24 percent increase.
Click here to read the full F&C Spring Housing Market Report: South East
"The market within Oxfordshire and the South East region remains one of the highest growth areas in the UK. There is considerable pressure on pricing through the lack of supply of new homes coming onto the market, but Fine & Country is establishing themselves within the upper quartile market within Oxfordshire with some notable successes where other longer established, internationally recognised competitors have not been successful. We are often called when things have not worked out for the vendors, we then achieve a sale using world-class digital and social media, together with our assets of national advertising through our Mayfair Park Lane office.
"We are becoming the go-to agency if you want to maximise your property value, and exposure for your property. This leads to a higher selling price and more choice of purchasers."
"The level of demand for larger family homes in the villages and countryside across the area is unprecedented. Demand is being fuelled by low interest rates, the stamp duty holiday and a significant increase in the number of families relocating from London and other large towns and cities. At the end of May there were a total of 172 homes priced at £800,000-plus on the market across RG27, RG7 and RG45, of which 105 were under offer already – leaving just 67 to meet demand. That ratio of 39 percent for sale and 61 percent sold is driving double-digit annual price growth and as a result is generating increased activity with more market appraisals being requested from potential sellers."
"There is huge demand across all sectors of the upper quartile currently in Oxfordshire, especially over £1,000,000.
"Two properties came to the market with Fine & Country recently, one at £1.25M and one at £1.75M and they were both sold within three weeks at £25k and £105k over the asking price respectively.
"I am seeing more demand than ever before for country homes with office space from clients wanting to move out of London, now that there is less reason or requirement for them to be travelling into the city daily when instead they can work from home and get far more for their money."
Main Court is a unique and beautiful Victorian-style home boasting bespoke features and outstanding facilities within Gerrard's Cross, a highly sought-after location for families and professionals alike, due to its private and state junior schools and with nearby excellent grammar schools, local facilities and access to London and the M25. This property enjoys spacious accommodation and uninterrupted views across Bulstrode Park.
Sheldon offers 8,772 square feet of eco-friendly, exceptionally spacious living. A thoughtful layout offers easy opportunity for independent generational living and there are six acres of peaceful, south-facing gardens, a tranquil stream, ponds and woodlands. The property is ideally situated next to a 54-hole golf course and there is excellent schooling within 10 miles.
Landseer House is a handsome Regency-style home set in circa 2.5 acres in a very tranquil setting just six miles south of Chichester, with uninterrupted panoramic views, an annexe cottage with a private garden, a garage block and planning permission for an extension. Re-built in the character and style of the Georgian era, the house is brimming with style and elegance, situated in a peaceful spot on the West Sussex coastline enjoying local wildlife and beautiful sunsets courtesy of the unpolluted skies.
Looking to sell your home in the South East region, other regions of the UK or overseas with experts in premium property? Get in touch with your local Fine & Country agent today.
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