There are few things in life that you can trust more to enrich your family than the property they live in. While this is true in terms of the memories it creates and the special moments it hosts, it’s also true in terms of cold, hard material gain.
Since 2000, the average New Malden home has increased in price by 236.7 per cent. The best performing property type has been semi detached properties which have increased by 241.6 per cent, equivalent to £28,900 per year. The reason this particular type of home has outperformed the rest is down to a number of factors, but in essence it’s simply down to this being the home of choice for New Malden residents.
For anyone who has ever spent much time here, the attractions are fairly obvious. A great balance of first-rate housing stock, solid transport accessibility and ready access to the amenities we need the most. It is these factors which explain why our area has outperformed the national market during this period of cooling which has been felt in many parts of the country.
The popularity of New Malden as a place to live is unlikely to diminish any time soon. If you’re considering buying or selling in this area, now is the ideal time. There are great opportunities for buyers and sellers in every corner of the market. As long as you work with a local market expert, you’re destined to win big.
Index of quarterly sales levels by type
In this chart, we’ve compared sales levels for flats and houses in the last few years. Instead of looking at absolute numbers, we’ve indexed the rates. This means that flats and houses start at 100 at the start of the period and you can see how they’ve changed since, on an equal basis.
Annual index of prices by type of home
Property prices of different house types can be like chalk and cheese. Smaller properties have a higher turnover and lower price than larger properties. So for this chart we’ve stripped out the actual figures and look at an index of how each type has performed over time.
Number of people per home
The number of people living in homes in the local area tells us a lot about the character of our market. Areas with smaller households tend to be dominated by either the very young or very old. Homes with more people tend to be dominated by families and this is the case for most housing markets around the country.
If you are looking for a new home or an investment opportunity in the New Malden area, contact us today.
Photo credit: Colin Smith. Wikipedia.
