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Exceptional Homes’ property index showed a significant increase in £1 million plus properties on the market in Surrey between February and January. The Exceptional Homes Unsold Property Index for Surrey jumped 17.5%, from 640 homes in January to 752 in February.

Exceptional Homes Regional Director for Surrey, Mr Russell Taylor (F.N.A.E.A) said:

“One would always expect some increase in stock levels in February over January, but the size of the jump (over 100 properties) does suggest that something more is going on. We feel that general nervousness about economic conditions in the UK, coupled with concerns about the status of non-domiciled residents, have led to a pick up in listings. But we feel that this has (so far) merely redressed the balance following last year’s severe shortage of luxury properties in our region.

But we will continue to monitor the Index carefully in the coming months to try to pick up any significant change in conditions. We anticipate a gradual increase in the number of luxury properties on the market as buyers become slightly more cautious and listing periods lengthen.”

Note to Editors:

About the Exceptional Homes Unsold Property Index for Surrey:

Analysts at Exceptional Homes use a constant sample set of estate agencies and property portals to compile the Index. We strip out any properties that ‘under offer’ or ‘sold’ and we do not count ‘price on application’ listings. We also include only those properties that are for sale with full service estate agents (i.e. no private listings).

About Exceptional Homes:

Exceptional Homes was founded by former Deutsche Bank Managing Director Dr Jeremy Howard in May 2007. It caters only to properties priced at £1 million or above (or the equivalent in USD or Euros). The company charges a flat 1% fee for all sole agency instructions. The company’s HQ is in Chertsey, Surrey.

ENDS

Visit the Exceptional Homes website at www.exceptionalhomes.co.uk

For further information contact:

Mr Russell Taylor (07980 300 300) at Exceptional Homes, russell.taylor@exceptionalhomes.co.uk

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