Financial crisis yet to impact sale prices in W3

The latest figures from the Land Registry show little evidence of local property prices in freefall.

The numbers which cover transactions up to November suggest that prices are if anything slightly higher than they were in the previous quarter although volumes remain too low to reach firm conclusions.

The average transaction price for October and November so far in W3 is £357,741 above the third quarter average of £331,400. However there is some distortion to the numbers as a result of the sale of a property in Rosemont Road for over one million pounds. Without this transaction the average would have been roughly the same as last quarter.

Volumes remain low but seem to have improved slightly. Only 71 properties changed hands between July and September, the lowest quarterly turnover on record.

If you are thinking of selling or buying in the area - tell your estate agent you use ActonW3.com. The site offers the only exclusive coverage of the local property market available anywhere.

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

Previous Property Sales in Acton

February 4, 2009