Last Hurrah for Ealing Property?

Latest figures suggest new high but for how long?

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The prices of Ealing property have continued their seemingly endless rise according to the latest official figures from the Land Registry.

The average W5 property now costs £447,054 up 16.6% compared to last year and 6.6% over the quarter, the highest average on record. In West Ealing W13 properties were down slightly on the quarter but rose by 12.6% over the year.

Perhaps stock market volatility and rising oil prices may stop further rises before the end of the year but there is little sign of a price correction at the moment.

This rise continues to be more rapid than in the rest of the country which saw average prices increase by 8.7% to £183,896. London continues to outperform the rest of the country up by 16.5% to £354,372.

The figures quoted above are subject to change as more properties are registered with the Land Registry.

Ealing Property Prices to September 30th 2007

Postcode Area: W5
Area Detached Sales Semi-Det Sales Terrace Sales Flat/
Mais
Sales Overall Total
W5 1
1013333
3
563361
9
513023
19
258856
22
444387
53
W5 2
1532500
6
0
0
499990
5
311426
38
480186
49
W5 3
1163941
6
740206
12
528862
4
290410
34
497420
56
W5 4
0
0
466883
9
464920
22
263455
27
371439
58
W5 5
0
0
767000
5
571500
5
321229
17
450126
27
Overall
1281243
15
628276
35
499065
55
289689
138
447054
243
Change in Quarter
11.4%
15.4%
19.5%
34.6%
6.2%
-15.4%
0.2%
16.0%
6.6%
9.0%
Change in year
- - - - - - - - 16.6% -

Post code area W13
Area Detached Sales Semi-Det Sales Terrace Sales Flat/
Mais
Sales Overall Total
W13 0 0 0 433333 3 416817 14 256897 20 331713 37
W13 8 1146333 3 642937 8 524400 5 287385 47 392247 63
W13 9 0 0 536681 19 444476 40 277667 23 419053 82
Total
1146333 3 554681 30 444686 59 278126 90 392018 182
Change in Quarter
-0.4% -50.0% 3.6% 0.0% 13.3% 31.1% 11.4% 45.2% -0.1% 27.3%
Change in year
- - - - - - - - 12.6% -


Data in this report is subject to crown copyright protection.

November 28, 2007