Acton property market continues to stagnate


Prices unchanged over the past year with volumes down

Once again numbers released by the Land Registry offer little encouragement for local estate agents with prices appearing to be static and volumes well down on previous years.

The figures show that the average price of a Acton property is now £265,055. Acton prices are up by unchanged over the last year compared to a 4.6% rise for London and a 5.6% national increase.

The latest set of numbers from the Land Registry show that home sales in the W3 area fell by 38.8% compared to the same time last year.

With only 123 properties changing hands in a three month period the market is as quiet as it was during the period of uncertainty following the September 11th attack on the World Trade Centre. The rest of the country also saw a fall in volumes but not to the same extent as Acton.

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.

Property Prices in Acton - April to June 2005

Apr- Jun 2005   Detached   Semi-Detached   Terraced Flat/Maisonette   Overall
Region/Area
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W3 0
0
0
321500
7
346400
5
211000
8
283525
20
W3 6
0
0
427250
4
318650
8
189558
17
257954
29
W3 7
0
0
392857
7
302500
4
201055
17
263497
28
W3 8
0
0
0
0
347914
7
177722
15
231874
22
W3 9
0
0
532487
4
401081
3
214015
17
290476
24
Total
-
-
401793
22
338142
27
197737
74
265055
123
Change in Quarter
-
-
16.9%
-12.0%
3.0%
-6.9%
-0.9%
-8.6%
4.4%
-8.9%
Change in year
-
-
-1.2%
-46.3%
-1.6%
-20.6%
0.0%
-41.3%
0.0%
-38.8%
Change in three years
-
-
27.7%
-59.3%
22.4%
-25.0%
14.3%
-41.3%
17.5%
-43.1%
Change in three years
-
-
49.5%
-61.4%
32.0%
-32.5%
51.3%
-29.5%
28.8%
-41.1%

Property Prices in Acton Oct - Dec 2004

Oct - Dec 04   Detached   Semi-Detached   Terraced   Flat/Maisonette   Overall
Region/Area
Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales Av Price £ Sales
W3 0
0 0 330325 6 329462 9 223300 5 303180 20
W3 6
0 0 364992 7 252714 7 195539 19 243611 33
W3 7
0 0 288125 4 338416 6 200253 25 233980 35
W3 8
0 0 0 0 298437 8 212108 23 234386 31
W3 9
0 0 466713 7 401581 6 223634 14 326198 27
Overall - - 373183 24 321157 36 207528 86 262777 146
Change in Quarter - - -8.2% -41.5% -6.6% 5.9% 5.0% -31.7% -0.8% -27.4%
Change in year - - 6.1% -31.4% -1.4% -21.7% 17.2% -52.7% 14.5% -45.7%

August 8, 2005