Prices Rise Strongly in W3

Strong flat sales lead price rise in local property market

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Newly released figures for the property market in Acton show prices are rising with activity in the market quite strong.

New flat sales have been brisk with well over half the sales in the area being in this sector. Despite this the average price of a W3 property has risen by 12.9% over the quarter and 17.9% over the year. Semi-detached houses appear to have risen exceptionally strongly up by 36.7% over the year.

Nationally properties were up by 8.3% over the last year to an average price of £178,423. London saw the highest rise for England and Wales in this period with the average property now costing £323,511 up by 11.6%

In a forthcoming edition of the ActonW3.com newsletter there will be a complete listing of recent property sales in the area.

The numbers quoted are based on Land Registry data from January to March 2007.

Jan- Mar 2007 Detached Sales Semi-Det Sales Terraced Sales Flat/
Mais		 Sales Overall Total
W3 0
0
0
385000
4
392457
13
292000
5
368270
22
W3 6
0
0
513987
8
439299
10
228582
40
304279
58
W3 7
0
0
379181
11
446500
8
250007
70
283635
89
W3 8
694100
3
528250
4
451583
6
243247
37
318099
50
W3 9
0
0
716642
14
0
0
237522
22
423846
36
Overall
911666
3
535826
41
426390
37
243272
174
324744
255
Change in Quarter 0.0% 0.0% 20.5% -2.4% 6.0% 0.0% 3.1% -29.0% 12.9% -22.0%
Change in year - - 16.6% 36.7% 24.8% -2.6% 17.4% 47.5% 17.9% 37.1%
Change in 3 years - - 54.3% 36.7% 33.8% -26.0% 27.8% 20.8% 27.8% 11.4%
Change in 5 years - - 47.4% 64.0% 58.2% -2.6% 50.0% 40.3% 53.9% 36.4%

 

September 27, 2007