|Shepherd's Bush Property Sales - September 2010|
W12 home values continue to perform well
The average sale price of a home in the W12 area during September was £481,848 according to the Land Registry.
This is below the level of the previous month but is still the second highest monthly average on record.
The figures do include the sale of a house on Ashchurch Park Villas for £2,050,000 and there were only 25 properties reported as sold during the month.
For London as a whole the Land Registry data shows an increase of 8.8% in September over the same month in 2009. The average price of a London residential properly is now £340,344. This is the smallest annual rise since December 2009. Compared to August prices fell by 0.6%
The Nationwide's House Price index is suggesting a lower overall increase in prices than the Land Registry. This is based on offer prices for homes rather than achieved sale prices. Martin Gahbauer, Nationwide's Chief Economist, said, "October saw a continuation of the modest downward trend in house prices that began at the start of the summer. The average price of a typical UK property edged down by a seasonally adjusted 0.7% month-on month
He now thinks that a second round of quantitative easing will be supportive for the property market.
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The latest reported sales are given in the table below.
September 2010 Property Sales in Shepherd's Bush
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Source: Land Registry
January 21, 2011