I enjoyed a visit on Thursday June 16th to the RAC Club in Epsom, Surrey, at the invitation of Richard Winter, Head of Savills Residential in Surrey. A fascinating talk by Lucian Cook, Head of Savills Research, which highlighted the UK property trends.
Lucian has analysed UK property trends by counties showing Surrey as the market leader in terms of prices. Interestingly he also showed that high value properties continue to grow in value generally, whereas cheaper properties continue to struggle. To some extent this is exacerbated by age groups. The expensive properties are owned by older owners who have high equity in their property , whereas the younger generation find it difficult to raise the deposit or get a mortgage even if employed and stable. Hence lower value properties are attracting higher rentals but lower sale prices.
MJC and Paul Finnegan - Savills Head of Country House Department,
Savills Research Seminar - Epson Surrey.
Attended by about 250 clients from the Surrey area and with an entertaining presentation by Rob XXXXXX, the BBC Sports Interviewer of 6 interviews of the many hundreds he has made over the years. Sir Bobby Charlton, Yvonne Corley (Goolagong), Sevy Ballasteros, and more. Nothing to do with real estate but fun !
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