5 Apr

Houses for sale in Surrey beat recession

Houses for sale in Surrey beat recession

Demand for property for sale in Surrey has proved resilient since the economic downturn began in 2007, it has been revealed.

According to research by Lloyds, flats and houses for sale in Tadworth have seen sales increase by 51 per cent between 2009 and 2010.

Seven out of the ten towns that saw property sales numbers rise the most are in the south of England, with houses for sale in Brent, London seeing the largest boost in transactions.

Overall, home sales in England and Wales rose by six per cent between 2009 and 2010.

However, property for sale in Surrey proved to be the most resilient since the 2007 downturn, with sales falling by only 14.6 per cent in Esher – less than a third of the national decline.

Suren Thiru, Lloyds TSB housing economist, said: "A north-south divide appears to have opened up in the housing market with both home sales and price growth in the south proving more resilient than the north."

Demand for property for sale in London and the south east of England helped to boost house prices, according to the latest index from LSL Property Services and Acadametrics.ADNFCR-1222-ID-800488258-ADNFCR

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