|Nearest and Dearest - July 2009
Latest homes being sold in the Ealing area
The average price of a property sold in W5 during July was £432,661. This is below the average seen in the second quarter though the earlier number may have been distorted by an usually high proportion of higher end properties changing hands during the period.
Appetite for larger properties in the area continues to be strong with a property in Woodville Road going for £1,500,000.
Only ten properties have been recorded as being sold in the W13 area during July. The average price was £331,595.
Richard Palfreeman, Managing Director at Northfields Estates says things are steadily improving:
''Ealing property market has picked up with 68% more buyers registering in August compared to the same period last year. Mortgage lending appears to be improving too and both owners and investors are now looking to put their money back into property . Throughout Ealing there is a shortage of properties to sell particularly 3 and 4 bedroom family houses and we're seeing a firm return of the Ealing property market which hopefully will be continuing for the remainder of this year.''
The average property in London during July was £306,963 up by 1.6% over the previous month. This is the second month in a row that prices have risen. Compared with the same month last year prices in London are down by 10.2%
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Properties Sold in the W5 Area
Properties Sold in the W13 Area
Source: Land RegistrySeptember 22, 2009