|Acton Property Market Becalmed|
Volumes hit record lows in the third quarter
The latest figures from the Land Registry show that the market is seeing the lowest level of turnover on record. Only 71 properties changed hands between July and September.
Price trends are more difficult to determine because of the lack of volume. Over the last 12 months flats have actually risen marginally in price but that could be because developers of new blocks are selling their better quality units first. Terraced houses in Acton have fallen in value by 18% over the last year. However this is on the back of strong rises and over three years they are still up in value by 23.0%
The average property in Acton now costs £331,400.
A detailed report on the market will appear shortly in the ActonW3.com newsletter.
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A regular market review of the local property scene appears on the site. You can click here for the latest update and analysis.
If your agent is claiming to be marketing your property effectively and it doesn't appear on ActonW3.com it may be time to choose a new agent.
November 26, 2008