Latest figures suggest new high but for how long?

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

Data in this report is subject to crown copyright protection.

November 28, 2007