Surrey Smart Home Housing Market
Despite current economic and political complications and a slight decline in house sales between November 2017 and November 2018, Surrey remains one of the most desirable locations in the UK and is a prime location for buying, selling or installing a smart home.
A Home in Surrey
With the highest GDP per capita in the UK, Surrey is currently one of the most affluent locations within the UK. Despite this, it is generally a most cost-effective solution than living in the Greater London area. It provides a similar level of access for commuters without the higher price tag and provides people with more living space away from the city environment. The county borders London and has great access to the UK’s two largest international airports.
The county itself is known for its area of outstanding natural beauty, Surrey Hills, which covers a quarter of the entire county. Throughout the countryside it is filled with market towns and villages with properties ranging from modern builds to thatched cottages. It is also proud of its rich history and heritage. The area showcases castles, cathedrals and stately homes along with monuments such as Waverley Abbey and the site where the Magna Carta was signed in the year 1215.
A smart home in Surrey will beautifully mix heritage, nature and technology into the perfect modern home.
According to HM Land Registry, the average property price is £440,219 a 0.1% increase on house prices from 2018. With smart technology, this will certainly increase the value of your property. Reportedly, this figure could increase up to 5%, and here’s why…
Firstly, the benefits of a smart home, particularly the energy efficiency which comes with it, make for savings in the long run. With a smart home system, you are able to more accurately operate heating controls and smart lighting and automate them room by room, so you’re only using what you need, when you need it.
Homes with smart automation are also more secure. The security features allow for an integrated system of CCTV, perimeter and lock control as well as remote access via mobile. A home with a sophisticated security system is likely to hold more value in the Surrey housing market.
A Growing Trend
In addition, less than 1% of UK properties currently have a home automation system. At this moment in time, it makes smart homes a rarity in the real estate industry.
However, this is evidently a trend that is on the rise, as we constantly seek to integrate technology into our daily lives and routines within the home. The UK smart home market was worth £900m in 2017, giving the UK the fastest-growing smart home market in Europe.
Additionally, 57% of homes in the UK now have some form of smart home technology. It’s not fully integrated smart home automation, but it is certainly an indicator for what’s to come. This means that as things progress, smart home automation becomes less of a novelty and more of a must-have for prospective buyers.
Choosing a Smart Home in Surrey
Surrey alone has a £40 billion economy, larger than that of Liverpool or Leeds. Along with the expansion of 5G technologies and emerging innovative companies, this economic growth makes Surrey a great investment for the future and an ideal place to buy or install your new state-of-the-art smart home.