|Acton Property Sales March 2009|
Transaction levels hit new all-time low
The news has gone from bad to worse for local property developers and estate agents with more evidence of the dire state of the home market in the area. During the month of March only seven transactions were recorded in the W3 post code area according to figures published by the Land Registry.
The average property in Acton now costs £334,141.
The Land Registry data for March for the country as a whole shows an annual house price change of -16.2%. This brings price levels back to those seen in August 2004.
London prices have fallen by 15.4 % to £299,613. Prices did rise slightly in March, the first time in a year the price index has seen a positive change.
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.
May 18, 2009