Recent data from the Office for National Statistics highlights the dramatic rise in housing prices in Sutton, England, from £84,950 in 2000 to £320,750 in 2024. After initial steady growth, the 2008 financial crisis caused a notable decline in prices, which slightly recovered post-2012. A brief dip occurred in 2019 amidst Brexit uncertainty but was mitigated by a government stamp duty holiday during the COVID-19 pandemic, incentivizing home purchases. The report underscores the influence of economic factors and government policy on housing affordability.
The average house price in Sutton has seen a dramatic increase from £84,950 in 2000 to £320,750 in 2024, indicating significant housing market changes.
Factors such as the financial crisis, Brexit uncertainty, and government interventions like the stamp duty holiday have collectively influenced the housing market dynamics in Sutton.
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