|Record Month for Brentford Property|
But exceptionally low volumes still a cause for concern
The latest data released by the Land Registry shows that only 12 properties changed hands in Brentford during February. This is down on the already historically low figure of 16 seen during January.
However, despite the low volumes there is little evidence that prices are falling sharply. In fact the average sale price for February of £346,021 is an all-time high. However, it is impossible to make firm conclusions about the direction of the market because of the relatively small number of properties changing hands. The average for March so far is higher still, just under the £400,000 mark but only 8 properties have changed hands.
In the first quarter of this year as a whole the average private home in the TW8 area cost £328,093. This is up 5.6% on the last quarter and 15.7% on the previous year and is also an all-time high.
Prices in London as a whole were up by 10.5% to end March with the average property costing £357,675. London is still seeing the highest levels of increase in the country.
House prices in England and Wales dropped by 0.4 per cent in March compared to February, taking the average price to £184,798. It is the second consecutive monthly fall for England and Wales since August 2005. Over the year prices were up by 3.6%
The numbers quoted are based on Land Registry data. The numbers are subject to revision as there are usually some properties that are added late to the Land Registry's database.
Where do I live? Brentford TW8 postcodes are divided into three sectors, TW8 0xx, TW8 8xx and TW8 9xx. Broadly speaking, TW8 0xx covers areas east of Boston Manor Road, TW8 8xx goes west of Boston Manor Road, whilst TW8 9xx covers the areas to the north of the A4
April 30, 2009