Average property prices in Reigate & Banstead rose by a massive 12.4% in the 12 months to the end of November, nearly trebling the 4.5% growth in the same period last year.
This is more than double the rise of 5.2% across the South-East region, over the same period, and puts the average house price in R&B at £441,151 in November 2017.
Andrew Drake, director of Mansell McTaggart, said “this is a good time for anyone thinking about selling, following sustained but manageable price growth over the last few years”.
Martin Willats, director, agreed, adding “yet it is also a good time for people who want the reassurance of knowing they are buying into a market where values are rising, and before they rise further”.
Andrew added that “in any market it is also important for sellers to ensure they choose an experienced agent who has a local presence to check the validity of buyers and their offers”.
Price data source: Land Registry, showing latest available data at time of publication
Volume data source: Mansell McTaggart
Mansell McTaggart are estate agents in Horley, Surrey, (in the borough of Reigate & Banstead) offering properties for sale near Gatwick Airport.