|Spring Hasn't Sprung Yet in Local Property Sales|
The housing market in W5 and W13 is looking sluggish
Sales of flats and houses in W5 and W13 in the last quarter appear to be much like the weather - a bit of a damp squib.
The sun has been a rarity in the last few months and figures from the Land Registry show there isn't much brightness here either.
Prices are drifting downwards - good news if you are hoping to buy - but the grey cloud on the horizon suggests that there isn't as much on the market as there was 5 years ago.
Figures show that volumes of properties changing hands are half what they were 5 years ago in W5 and a third of what they were in W13.
Sales of some larger properties in W5 are also masking falls across the board. Even so, W5 property prices are down over 5 years - those in West Ealing are faring slightly better.
The March data from Land Registry's flagship House Price Index shows an annual price decrease of 0.6% which takes the average property value in England and Wales to £160,372. London remains the best performing area in the country with prices rising by 0.7% to £343,522 over the same period.
The most up-to-date figures available show that, during January 2012, the number of completed house sales in England and Wales increased by 13% to 42,511 compared to 37,584 in January 2011.
In a forthcoming edition of the Ealingtoday.co.uk newsletter there will be a complete listing of recent property sales in the area.
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Ealing Property Prices - January - March 2012
W5 Post Code Area
W13 Post Code Area
Data in this report is subject to crown copyright protection.
May 17, 2012