Latest Land Registry figures for Chiswick, W4
Turnover for Chiswick property continues to go from bad to worse with the number of sales dropping to historic lows. As reported on local news website ChiswickW4.com, during the second quarter of this year 68 transactions were reported to the Land Registry, extending a period of exceptionally low activity for the past two years. This figure matched the lowest ever recorded number of sales in a quarter – in March 2009 – the height of the financial crisis. The latest figures are likely to be revised upwards as late reported sales are added.
However, it is not all bleak with continued demand for properties in prestigious locations particularly those with views of the Thames on Hartington Road and Strand of the Green. Judging price trends with volumes at such low levels is difficult and the preponderance of larger houses in the sale numbers has a distorting affect.
The average price of a home in the W4 postcode area in the second quarter of the year according to the Land Registry was £955,405 up by 8.2% over the last year. However, during the same period the average price of a terraced house in Chiswick was down by 5% over the same period and flat prices fell by 21.7%.
Read the full story, with detailed postcode analysis of the W4 property market.