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Property prices in Ealing stage a recovery
W5 16 £476,699
W13 12 £312,042
In the midst of turmoil in world financial markets the most recent figures on the local property market provide some crumb of comfort for Ealing home owners.
Despite the credit crunch having already started to bite during the Summer months the average price of homes in Ealing not only held firm but actually saw a strong rally. In W5 the average was up significantly so far in the third quarter to £474,221 approaching peak levels for the post code area.
A similar picture has emerged in the W13 area where prices recorded so far for the third quarter average £419,771 well up on the previous quarter.
Independent analysis of the local market suggests that demand for family homes remains strong in this area and, with many people still sitting on large equity gains from previous property purchases there are still enough buyers to support prices. With the sharp falls in world financial markets
In the second quarter the average property in the W5 post code area was £387,849 down 7.6% from a year ago according to the Land Registry figures. In W13 prices were down by 5.5% to £371,036.
The numbers are subject to revision as usually some properties are added late to the Land Registry's database.
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The data is derived from Land Registry figures.
Properties Sold in the W5 Area
Properties Sold in the W13 Area
Source: Land Registry
December 10, 2008