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wildrover

Kingston Surbiton Berrylands

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Hardly a property for sale ....anything that comes on the market is being snapped up within the week :o . estate agents getting cockey again not even asking for your details..as sure they will sell on first offer.

To be honest I'm confused :blink: between Oct 08 and March '09 we were seeing price reductions ...now its actually creeping up again. All supply and demand of course but will affluent areas like this ever see buyers forced to sell en mass? I really dont know ....

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Hardly a property for sale ....anything that comes on the market is being snapped up within the week :o . estate agents getting cockey again not even asking for your details..as sure they will sell on first offer.

To be honest I'm confused :blink: between Oct 08 and March '09 we were seeing price reductions ...now its actually creeping up again. All supply and demand of course but will affluent areas like this ever see buyers forced to sell en mass? I really dont know ....

I think it depends what you are looking for. Asking prices are down at least 20% on most property types and areas.

In Berrylands and Tolworth, there are plenty of 3 bed 1930s semis that have been hanging around on the market for ages with sub-£335k asking prices. This in itself is progress, as they would have been £400k+ at peak, and sold quickly.

In the nicer parts of Kingston and Surbiton themselves, I agree it is a bit different. Flats are down at least 20%. I have seen decent 2 bed flats on the Surbiton river roads with asking prices of £250k, less than some 1 beds were sellng for at peak. Admittedly, most are stil a bit higher than this.

The problem is with houses in the central area. I posted a link on another thread to a 3 bed semi in 'The Mall', which has an asking price above peak once decor is taken into account. Amazingly, these houses still seem to sell relatively quickly, and the ones that have been reduced stick. It is obvious that the more sought after areas will be stronger through the crash, but it this house in The Mall is more than double the price of a similar one half a mile away. :blink:

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I walk past a few houses for sale in New Malden and Berrylands every few weeks, but I'm guessing they are undesirable given how long they've been on the market.

There are plenty in that sort of district, and I think they will stay around for a long time, despite very good reductions in some cases.

I do not know another area where the house prices are quite so polarised.

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