Winchester areas has 'one of the most expensive housing markets in the country' claims estate agent Savills

Daily Echo: Hinton House in Kings Worthy, on the market for £2m. Hinton House in Kings Worthy, on the market for £2m.

TRYING to get a foot on the property ladder has become a major issue to millions of would-be home owners across the south.

But spare a thought for those prospective buyers out there who just can’t find the right home – even though they have £864m to spend.

One Hampshire estate agent has revealed that it has hundreds of clients with that total amount of money to spend househunting in some of the county’s most exclusive areas.

Strutt and Parker says it has more than 700 clients on its database all searching for an upmarket home in Hampshire with hundreds of millions of pounds to invest.

And it is no surprise, because a study has revealed that the exclusive housing market in the county is booming, and well on the road to recovery.

Ten areas of the county have seen the average price of homes hit above £500,000, with some areas seeing average properties edging £800,000.

Homeowners in Cheriton and Bishops Sutton have seen the average price of a home increase by 100 per cent in the last 10 years.

For many areas the jump in house prices is due to Londoners leaving the city and heading to commuter areas outside of the capital.

Called The Most Expensive Housing Markets of England and Wales, the report, compiled by estate agents Savills and analysts Property Database, shows how the property market has shot up in the south-east over the last decade.

It mainly highlights the changes in the London area but has shown how property prices in the commuter belt are beginning to rise.

George Burnand, partner of estate agents Strutt and Parker and head of its Winchester office, said: “London has had it good for many years, even through the financial crisis.

"There’s an expectation that the country market is about to benefit, with people migrating out.

“We have got an awful lot of people looking to buy in Winchester and the surrounding area.

“In this neck of the woods we have exceptionally good state and private schools, we have beautiful countryside and we have train links that get you into London in an hour.

“When you start looking at where people are going to move to, Winchester is an obvious place.”

But other places in Hampshire are also benefitting from the housing boom.

Parts of the New Forest and Test Valley have also seen house prices increase. House prices in the Forest North West ward have risen by 10 per cent in the past five years, while in Boldre and Sway that have gone up by 25 per cent.

Comments (5)

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11:27am Tue 21 Jan 14

befriendly says...

Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one.
Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one. befriendly
  • Score: 2

1:30pm Tue 21 Jan 14

gilbertratchet says...

befriendly wrote:
Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one.
It's all aspiration porn. Nobody would watch it if they settled for a 2-up 2-down terraced house with lino.
[quote][p][bold]befriendly[/bold] wrote: Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one.[/p][/quote]It's all aspiration po[b][/b]rn. Nobody would watch it if they settled for a 2-up 2-down terraced house with lino. gilbertratchet
  • Score: 1

4:27pm Tue 21 Jan 14

wwozzer says...

Why would I spare a thought for 700 people who have an average of 1.23 million to spend. Are we supposed to feel sorry for them and what must be an awful dilemma of having enough cash to buy a house most people can only dream of?

I'll save my thoughts for people who have no hope of ever owning their own home because of numptys like this lot driving up prices. Being one of the most expensive places to live is certainly nothing to be celebrated.
Why would I spare a thought for 700 people who have an average of 1.23 million to spend. Are we supposed to feel sorry for them and what must be an awful dilemma of having enough cash to buy a house most people can only dream of? I'll save my thoughts for people who have no hope of ever owning their own home because of numptys like this lot driving up prices. Being one of the most expensive places to live is certainly nothing to be celebrated. wwozzer
  • Score: 1

4:36pm Tue 21 Jan 14

sotonboy84 says...

befriendly wrote:
Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one.
Couldn't agree more. The best one I saw was a couple with a healthy budget of £800k but not £8m as they obviously believed. It ended after looking around all properties with "They're all too small, there was no pool, I don't like beams, I don't like thatch and I don't like stone"!
[quote][p][bold]befriendly[/bold] wrote: Having watched escape to the country several times I'm not surprised they can't find the right house. Most of them have unrealistic expectations and are not prepared to compromise on them no matter what. Perfectly adequate, fully fitted bathrooms need to be three / four times larger. The large kitchen with Island isn't big enough for just two people. The list goes on and on most of the time, but on one show the couple bought the second property before they were shown the third one.[/p][/quote]Couldn't agree more. The best one I saw was a couple with a healthy budget of £800k but not £8m as they obviously believed. It ended after looking around all properties with "They're all too small, there was no pool, I don't like beams, I don't like thatch and I don't like stone"! sotonboy84
  • Score: 2

8:24am Wed 22 Jan 14

Eric_Cartman says...

Bl00dy Londoners pushing up house prices elsewhere... They should build a wall around London.
Bl00dy Londoners pushing up house prices elsewhere... They should build a wall around London. Eric_Cartman
  • Score: 0

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