8 9* SOURCE: HAMPTONS INTERNATIONAL

DEMAND

Property demand in Sutton recorded triple digit growth (110%) from 2016 to 2017 in terms of change in available stock versus total sold

A majority of this demand is from those looking to get on the ladder for the first time. Recent research* shows that Sutton is one of the capital s most popular boroughs for first-timers. Of all the flats sold here, 63% are to first-time buyers

Sutton is one of the best places in the capital to raise a family, with the area offering high-quality education and affordable childcare, low crime rates and access to amenities and green space

Sutton is one of the south east Zone 5 locations where demand and price growth are rising the fastest

69%

supply shortfall

SOURCE: CIVITAS

SUPPLY

REAL ESTATE OUTLOOK

LONDON BOROUGH OF SUTTON

Housing supply as a percentage of annualised household growth (2014 - 2039)

31%

of demand met

HOUSING SUPPLY (2015-2016)

Sutton had one of the lowest levels of residential units completed in 2014 at just 232 units and only had 277 units under construction during the same period

Twelve key sites in Sutton One Housing Zone have been identified for residential development to deliver crucial supply; five in Hackbridge and seven in Sutton town centre

Current regeneration plans for Felnex Trading Estate and the land north of Hackbridge train station will deliver just over 1,000 new homes

Sutton s largest new development is Sutton Point, a mixed- use scheme near Sutton station offering 332 apartments and a hotel around a new public square, due to complete in autumn 2018

In 2015-2016, housing supply met only 31% of the annual household growth requirement