Surrey house prices: Why equity release could be the right solution
Property has always been a safe bet for investment. People will always need a roof over their heads and the property market in the UK is strong, with many people moving to live here to study and work. Much of the county is located within commuting distance to London but there is beautiful countryside on the doorstep. Towns like Guildford, Woking, and Epsom also have all the amenities, nightlife, and culture, you can expect from a vibrant town.
Surrey has long been considered one of the most desirable counties in the UK in which to live. If you have invested in property in one of Surrey’s towns or villages, the chances are that you are probably sitting on a lot of money. According to Rightmove in 2020, the average price for a property in Surrey was over £560,000, with the majority of sales for detached homes, which fetched an average of £885,000. In 2020, sold prices were up 5 per cent on 2019.
According to a report by estate agents Churchods, house prices have increased by 55 per cent since 2010, showing the property continues to be one of the best long-term investments anyone can make and after time, you will begin to enjoy the capital appreciation on your home.
Are you based in Surrey and are thinking about whether to release equity from your property? If you are, it is essential that you talk to a professional. Our equity release experts can talk through the various options available to find the right solutions for you.