Surrey Housing Market: Impressive Sales Figures for Million-Pound Homes
Houses on hundreds of streets in Surrey sold for more than £1m in the first half of 2023, according to the latest figures released by the Land Registry. The data revealed that between January and June, over 500 properties in the county were sold for seven-figure sums. This reflects a flourishing housing market in Surrey, with affluent buyers seeking luxurious homes.
The Astonishing Sale of a £20.75m Detached Property
Among the remarkable sales, the most expensive house on the list was a stunning detached property on Meadow Road, Runnymede. This magnificent residence fetched an eye-watering price of £20,750,000. Surpassing all other properties in the county, the second most expensive house sold for less than half of this amount.
Elmbridge Dominates the Million-Pound Homes Market
The data further reveals that Elmbridge boasts the highest number of homes valued at £1 million or more. An astounding 128 properties in this area alone were sold for seven-figure prices in just six months. This comes as no surprise since locations like Weybridge, Cobham, and Leatherhead within Elmbridge are frequently ranked amongst the best places to live.
The number of million-pound homes in Elmbridge nearly matches the combined total of such properties in the whole county of Essex, which had 139. Notably, Surrey as a whole has a much larger inventory of million-pound homes compared to Cambridgeshire, Kent, and Essex combined.
Competing Markets: Surrey vs Other Counties
When it comes to the luxury housing market, Surrey is unmistakably leading the way. The county’s significant number of million-pound properties sets it apart from other regions. Comparatively, Cambridgeshire, Kent, and Essex have a far lesser number of such homes, making Surrey an aspirational choice for high-end buyers.
The Appeal of Surrey’s Housing Market
Surrey’s appeal as a residential destination goes beyond the abundance of million-pound properties. The county offers a blend of natural beauty, excellent amenities, and a convenient location near London. With its picturesque landscapes, well-regarded schools, and vibrant local communities, Surrey has become a coveted region for affluent individuals and families seeking a high-quality lifestyle.
Conclusion
The thriving housing market in Surrey is evident from the substantial number of million-pound properties sold in the first half of 2023. Elmbridge, in particular, stands out as a prime location for luxury homes, boasting the highest number of such properties in the county. With its attractive features and proximity to London, Surrey continues to be a sought-after destination for affluent buyers.
Sources:
Get Surrey
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Houses on hundreds of streets in Surrey sold for more than £1m in the first half of 2023, the latest figures show. Land Registry data shows more than 500 properties in the county sold for seven-figure sums between January and June.
The most expensive house on the list sold for a whopping £20,750,000. The detached property on Meadow Road, Runnymede, was significantly more expensive than any other property in the county, with the second most expensive property costing less than half the price.
Elmbridge has the most homes valued at £1 million, with a total of 128 properties selling for seven figures in just six months. This may not come as a surprise, as places like weybridge, Cobham and leather head They are frequently listed as some of the best places to live. Elmbridge has nearly as many million-pound homes as the entire county of Essex, which had 139. In fact, Surrey as a whole has far more such properties than Cambridgeshire, Kent and Essex combined.
Read more: More than a third of Surrey households are ranked as the most privileged in England
SurreyLive have put together a table of all houses in the county sold for over £1 million below. You can scroll to see the streets where the most expensive homes sold.
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