Market outlook for Surrey
Key indicators for buyers
The Surrey market is moderately favourable for buyers. Affordability has improved from a peak of 13.8x in 2021 to 11.8x today.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Surrey costs 11.8x the local median salary — very stretched, improving from a peak of 13.8x in 2021.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Surrey price of £519,341 with a 25% deposit (£130k), a 2-year fixed mortgage at 3.97% costs around £2,050 per month.
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.