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Housing facts and figures

House prices and affordability

In common with much of the county of Surrey, average house prices in Reigate & Banstead are significantly above the regional and national averages. According to Land Registry information during the last quarter of 2019, the average house price within the borough was £602,441. This compares to an average house price for the UK of £231,855. 

Average house prices within the borough have risen steadily since 2010, over the past 10 years there has been a 68.8% increase in average sales values (from £357,000 in Q1 2010/11 to £602,441 in Q4 2019/20). 

Housing affordability is recognised as one of the most significant challenges facing the housing market and one which has intensified over the past couple of decades. However, based on the data collected by the Office for National Statistics (ONS), over the last twelve months there has been a slight improvement in the affordability ratio (12.33 to 12.26). Whilst the affordability ratio in the borough is conisderably higher than the average for England (7.83), it remains below the levels recorded across Surrey as a whole (12.43). 

Housing delivery

The Council monitors housing delivery annually. This monitoring includes:

  • Analysis of new housing completions and planning permissions
  • Information on affordable housing delivery
  • Performance against planning policy targets and indicators. 

The Council monitors annual housing delivery, the most recent information can be found in the latest Housing Monitor.