Davies Property Partners reveals its top three Surrey property predictions for 2025
Well, let’s not beat around the bush – the answer is a resounding ‘yes’ from the Davies Property Partners team.
Multiple national property experts are forecasting 2025 property price growth ranging from 2.5 – 5 per cent, with the value of property in the South East of England expected to rise between 3 – 3.5 per cent.
From our own experience, as we neared the end of 2024 we noticed that things were changing for the better for Surrey homeowners. Mortgage rates had fallen and there was a renewed interest in the Elmbridge property market, both of which pointed towards increased movement in 2025.
And then, in the blink of an eye, we were there – right at the start of a New Year. So, if you’re a Surrey homeowner, then what are the key things to consider over the next 12 months when it comes to property prices?
Here are the top three as picked by our team of Surrey estate agents.
1. Property and private schools
Property and schooling have always been deeply connected. After all, properties located close to good schools always tend to attract a higher premium than those that are not. However, following Labour’s win at the general election, the government quickly sought to add VAT to private school fees – a move that made private education 20 per cent more expensive from New Year’s Day.
Whilst there will undoubtedly be many in our area who are able to weather this storm, the cost of sending multiple children to school with a new 20 per cent premium attached may be too much for some. Over the next 12 months, we foresee a swathe of Surrey homeowners looking to offset their education bill by downsizing. The result? Greater demand for properties valued between £1 - £2m. If you own a property that sits within this bracket, then 2025 is likely to be the year to sell as the VAT fallout takes shape.
2. Hybrid working
The pandemic completely reshaped working practices for office-based businesses. Expensive London offices once lay vacant for prolonged periods of time as many businesses became resigned to the concept of working from home on a full-time basis. This started to change significantly last year, with hybrid working – a middle ground, involving a combination of working from home and the office – seemingly becoming the preferred choice amongst employers (and in many cases, the employees).
Places like Cornwall and Devon – the one-time top choices for South East workers who no longer needed to be in the city as working from home became the national standard – are no longer in vogue, or, for that matter, practical. This means that the benefits of commuter towns such as Cobham, Claygate and Hinchley Wood are back in the spotlight. We expect demand for commuter-friendly properties, which covers all of the areas serviced by Davies Property Partners, to increase in line with an uptick in hybrid working.
3. Countryside vs culture
The bright lights of London, or the green fields of the Surrey Hills? As the pandemic ended, so too did the allure of the country as a residential destination. Now, it seems, people want a mixture of country and culture. Or, at least, quick access to the country in parallel with quick access to the city. And, as Elmbridge’s towns and villages provide that exact balance, we envisage demand for property in our area increasing as people’s post-pandemic perceptions of what makes somewhere a great place to live settle back to pre-pandemic tastes.
New Year, new home? For expert advice and predictions on the 2025 property market from local and knowledgeable Surrey estate agents, contact your local Davies Property Partners office.
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Cobham
01932 588288 -
Claygate
01372 462323 -
Hinchley Wood
0208 3980265