Acton property market moves to all-time high

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Average home price in the area approaches £300,000

The latest property price data is showing that Acton property prices have reached an all time high with the price of the average home now reaching nearly £300,000.

The figures from the Land Registry show that the average price of a Acton property is now £293,070. Acton prices are up by 10.9% over the last year compared to a 4.4% rise for London and a 3.2% national increase.

The numbers are not all good news for local estate agents as sales volumes remain depressed down 16.7% on the previous year although this does represent a recovery from last quarter's exceptionally quiet period.

Over the longer term Acton's property prices have risen only 11.4% over a three year period but over five years the picture is more encouraging with prices up by 54.8%

With ample supply coming from a series of new developments there are fears that the market will continued to be flat for the foreseeable future. We did ask some local estate agents for a comment on these numbers but have yet to receive a reply.

Property Prices in Acton - July to September 2005

Jul - Sep 2005	Detached		Semi-Detached		Terraced		Flat/Maisonette		Overall
	Av Price £	Sales	Av Price £	Sales	Av Price £	Sales	Av Price £	Sales	Av Price £	Sales
W3 0	0	0	273187	8	342692	13	223500	3	304624	24
W3 6	0	0	372625	7	364461	13	203854	21	283592	41
W3 7	0	0	451363	11	275312	8	201523	21	284986	40
W3 8	0	0	386666	3	329400	10	204611	22	255869	35
W3 9	0	0	582500	12	0	0	206245	20	347340	32
Overall	-	-	436802	41	333852	44	204710	87	293070	172
Change in Quarter	-	-	15.4%	51.9%	1.9%	25.7%	1.4%	0.0%	11.3%	15.4%
Change in year	-	-	9.1%	-4.7%	-2.9%	29.4%	3.2%	-33.1%	10.9%	-16.9%
Change in three years	-	-	15.6%	-43.1%	3.0%	-37.1%	14.7%	-41.2%	11.4%	-40.7%
Change in five years	-	-	41.9%	17.1%	46.7%	22.2%	52.0%	-13.9%	54.8%	0.0%

November 11, 2005