About Surrey and Its Housing Market
Surrey is a county in South East England. It is historic and administrative county although the latter occupies a smaller territory than the former as a significant part of what used to be north east Surrey is now a part of Greater London. The county is governed by the Surrey County Council from the town of Kingston.
Like other England’s historic counties, Surrey was created during the early Medieval Period. Archaeologists have found a number of artifacts from the Roman and Saxon periods but the county appears to had been sparsely populated. During the Middle Ages, it was largely rural with most of the population being engaged in agriculture. Medieval Surrey was also known for sheep raising that eventually gave rise to cloth trade and large forests which were among other also a popular hunting destination.
In the 19th century Surrey began to change dramatically, especially after the arrival of the railway connecting it to London and making it attractive to industry. This led to rapid population growth which in turn encouraged residential development, especially along the railway. Unfortunately, rapid population growth and rise of suburban areas resulted in the loss of a substantial part of London Greenbelt and areas of outstanding natural beauty. In order to preserve at least some of yet undeveloped areas, the authorities have restricted residential development after the end of the Second World War.
High demand and limited supply of properties make Surrey one of England’s most expensive counties. And with the increase of 5% over the last year, house prices in Surrey are in average twice as high as the overall national average. The average house price in Surrey is now nearly £330,000. The national average, on the other hand, is £170,000.
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