December 2010 - Shepherd's Bush Property Sales
Prices continue to trend downwards towards the year end
Property prices in Shepherd's Bush continued to drift off in December. According to the Land Registry the average sale price during the month was £421,263.
This is below the average price in the third quarter of 2010, from July to September, which was £490,338 - an all time high for W12.
According to the Land Registry, London property prices are up by 6.2% in December compared to last year and 1% up on November 2010.
The month saw a house in Boscombe Road sell for £2,100,000.
This brings the average property price to £342,325 in comparison to the figure for England and Wales, which is £163,814. Nationally prices fell marginally in December compared with the previous month and are now only 1.5% up on the year with many areas of the North experiencing price falls.
Nationwide's House Price index for December which is based on offer prices rather than actual sales like the Land Registry did show an increase.
Martin Gahbauer, Nationwide's Chief Economist, said, "When house prices are trending down only modestly rather than decisively – as has been the case in recent months – it is not unusual to a see a mixed pattern of monthly declines and occasional increases."
He added, "London and the South East saw particularly large price gains during this period (2010), as the scarcity of property was most acute in these regions. London will also have benefited from the strong recovery in the financial sector, which is an important driver of buyer confidence and housing demand in the capital."
The numbers below are subject to revision as is it usual that some properties are added late to the Land Registry's database.
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The latest reported sales are given in the table below.
December 2010 Property Sales in Shepherd's Bush
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Source: Land Registry
April 5, 2011