21 Jul 2021
Orchard’s Newly Renovated and Extended Landmark Camberley …
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We all love talking about house prices. This is particularly the case when our local markets outperform a variety of benchmarks. Our analysis shows that, on average, our local markets (Bagshot, Camberley, Frimley, Frimley Green and Lightwater) have achieved a 50% increase in house prices in the last decade. This outperformed average price growth nationally (16%), in the south east (29%) and is just above the Surrey county average too (46%).
Houses have represented a safe investment for your money over the last ten years, outperforming other forms of investment. The 50% price increase in our local housing markets compares with 21% price growth in the UK equity market (as measured by the FTSE 100). The comparable increase in inflation (CPI) over this period has been 28%.
This strong performance is set against the backdrop of a turbulent decade including, of course, the global financial crisis. At its worst, UK economic growth fell by 2.2% in a single quarter in mid-2008. House prices suffered too. Emerging from this, the recovery in the London and south east housing markets has been remarkable. Since 2009, which represented the low point in the local housing market, prices have increased by 38%. The rise in London house prices has been even more significant (60%).
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