Acton property market moves to all-time high

Average home price in the area approaches £300,000

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Prices of all property sales in the Acton area for the last quarter

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The latest property price data is showing that Acton property prices have reached an all time high with the price of the average home now reaching nearly £300,000.

The figures from the Land Registry show that the average price of a Acton property is now £293,070. Acton prices are up by 10.9% over the last year compared to a 4.4% rise for London and a 3.2% national increase.

The numbers are not all good news for local estate agents as sales volumes remain depressed down 16.7% on the previous year although this does represent a recovery from last quarter's exceptionally quiet period.

Over the longer term Acton's property prices have risen only 11.4% over a three year period but over five years the picture is more encouraging with prices up by 54.8%

With ample supply coming from a series of new developments there are fears that the market will continued to be flat for the foreseeable future. We did ask some local estate agents for a comment on these numbers but have yet to receive a reply.

Property Prices in Acton - July to September 2005

Jul - Sep 2005 Detached  Semi-Detached Terraced Flat/Maisonette Overall
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W3 0 0 0 273187 8 342692 13 223500 3 304624 24
W3 6 0 0 372625 7 364461 13 203854 21 283592 41
W3 7 0 0 451363 11 275312 8 201523 21 284986 40
W3 8 0 0 386666 3 329400 10 204611 22 255869 35
W3 9 0 0 582500 12 0 0 206245 20 347340 32
Overall
- - 436802 41 333852 44 204710 87 293070 172
Change in Quarter - - 15.4% 51.9% 1.9% 25.7% 1.4% 0.0% 11.3% 15.4%
Change in year - - 9.1% -4.7% -2.9% 29.4% 3.2% -33.1% 10.9% -16.9%
Change in three years - - 15.6% -43.1% 3.0% -37.1% 14.7% -41.2% 11.4% -40.7%
Change in five years - - 41.9% 17.1% 46.7% 22.2% 52.0% -13.9% 54.8% 0.0%

November 11, 2005