Chiswick Property Sales - April 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Highest montly average price ever but volumes are low
Activity in the property market in Chiswick during the month of April remained concentrated at the top end of the market. According to the Land Registry there were 41 properties sold during the month at an average of £1,288,378 which is an record monthly average for the area. Of these 22 homes changed hands for more than £1,000,000 the most expensive of which was a semi-detached house on Dukes Avenue which cost its new owners £3,550,000. With the number of transactions so low agents are being cautious about claiming that the figures genuinely represent a new peak for the market. April data from the Land Registry shows that the annual price increase in London was 10.9% still well ahead of the rest of the country. The average price in the capital is now £474,544. For England and Wales there was an annual price increase of 5.1% which takes the average property value to £179,817 compared with the peak of £181,014 in November 2007. The number of completed house sales in England and Wales decreased by 17% to 54,103 compared with 64,994 in February 2014. The number of properties sold in England and Wales for over £1 million decreased by 18% to 722 from 882 a year earlier. Repossessions in England and Wales decreased by 37% to 638 compared with 1,016 in February 2014. In London repossession sales fell by 45% to just 56 properties. However, the Office for National Statistics (ONS) has produced data which contradicts this with London prices rising by just 4.3% in the year to April the lowest growth rate in two-and-a-half years and below the national average. If you want to receive regular updates on the Chiswick property market with informed comment from the best local agents sign up for our weekly e-mail newsletter by clicking here. ChiswickW4.com is the only place that you will find detailed analysis of the Chiswick property market. Over 10,000 property details are viewed on the site each month. April 2015 Property Sales in Chiswick
Property sales from March 2015 If you are a member of the site who has recently moved into one of these properties and do not wish to have the details displayed here just let us know and we will remove them. Source: Land Registry August 11, 2015
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