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Steep fall in asking house prices in Surrey towns

2 minute read
Steep fall in asking house prices in Surrey towns

Published at 12:30pm 13th March 2019.

Three Surrey towns have made a list of areas with the biggest decrease in asking property prices outside of London.

Property website Rightmove found over the last year, Esher, Leatherhead and Woking all showed the steepest drop.

Worst-performing is Esher which saw the biggest fall, with average property prices just below £1m - a decrease of 6.7%.

Meanwhile, a Welsh town made famous by the sitcom Gavin & Stacey was named as the top property hotspot for growth.

The average property price in Barry, South Wales - which is now £191,050 -  rose by 10.6% annually, jumping by more than a fifth in the past five years.

Here are the top five "property hotspots" (average asking price/year-on-year increase):

1. Barry - £191,050, 10.6%

2. Wednesbury - £151,667, 10.1%

3. Llandudno - £212,400, 10.1%

4. Kidderminster - £200,343, 10.0%

5. Leigh - £137,614, 9.7%

Here are the places with the biggest asking price decreases (average asking price/year-on-year decrease):

1. Esher - £958,012, -6.7%

2. Banbury - £248,462, -6.6%

3. Leatherhead - £566,625, -6.3%

4. Sandhurst - £409,370, -5.5%

5. Woking - £491,007, -5.1%

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