Demand Surges for Acton Flats

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88% increase in number sold gives hope to developers

The market for flats in Acton, which has been moribund for some time, looks to have sprung to life in recent months.

A massive overhang of properties for sale had previously discouraged buyers but in the second quarter of this year 128 flats were sold, an 88% increase on the same period in 2011.

The figures from the Land Registry show that the average price of a property in Acton has been static over the last year at £364,221. This is below the average increase for London as a whole.

However, the increased proportion of flats sold during the period may be masking a rise in prices overall. The number of sales of higher priced houses grew less rapidly than those for flats.

Prices of semi-detached houses rose by 7.3% over the year, terraced houses were up by 7.8% and flats were up by 10%

London has been the best performing property market over the last year according to the Land Registry's House Price index. Prices were up by 6.3% in the year to June.

For England and Wales as a whole the House Price Index shows an annual price increase of 0.9% which takes the average property value in England and Wales to £161,777.

The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.

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

Acton Property Prices - April - June 2012
Area	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Total Averages	Total Sales
W3 0	454500	6	498333	6	0	0	476417	12
W3 6	489362	4	713166	9	248366	15	432194	28
W3 7	536571	7	436666	6	287657	66	321030	79
W3 8	603333	3	427642	7	252055	9	372210	19
W3 9	884990	5	0	0	295981	38	364470	43
Total	587016	25	536499	28	283021	128	364221	181
Change in Quarter	-2.7%	47.1%	14.5%	7.7%	7.7%	75.3%	1.5%	56.0%
Change in year	7.3%	56.3%	7.8%	-12.5%	10.1%	88.2%	0.2%	56.0%
Change in three years	37.2%	31.6%	35.3%	33.3%	20.9%	220.0%	12.9%	126.3%
Change in five years	10.2%	-24.2%	31.1%	-9.7%	10.2%	-16.3%	10.8%	-17.7%

 

Acton Property Prices - January - March 2012
Area	Semi-Det	Sales	Terraced	Sales	Flat/Mais	Sales	Total Averages	Total Sales
W3 0	405400	5	487250	3	313237	4	395142	12
W3 6	526500	4	514785	7	250312	16	359796	27
W3 7	773333	3	393545	10	280260	19	361887	32
W3 8	0	0	531000	6	240722	11	343173	17
W3 9	759990	5	0	0	258771	23	348274	28
Total	603115	17	468719	26	262775	73	358812	116
Change in Quarter	0.3%	-29.2%	-13.8%	73.3%	14.5%	-14.1%	5.7%	-6.5%
Change in year	2.2%	-15.0%	-0.5%	116.7%	15.3%	19.7%	6.4%	24.7%
Change in three years	64.1%	183.3%	-3.5%	225.0%	-0.3%	265.0%	7.4%	241.2%
Change in five years	12.6%	-58.5%	9.9%	-29.7%	8.0%	-58.0%	10.5%	-54.5%

 

August 9, 2012