AUTUMN 2018
While the leaves on the trees turn from green to orange, many people start to contemplate the year to date and whether goals have been achieved, or dreams brought to reality. This time of thoughtfulness quite often involves pondering about living arrangements, is it time to move on? Are there other places to live which could be explored? Are new opportunities on the horizon which could mean a house move? Do you dream of living somewhere new, an exciting new beginning for the coming year?
Well if any of these thoughts have passed through your own mind, you will be pleased to know you are not alone. Autumn is traditionally a time when property activity soars, and many of the people we deal with in the estate agency business, are making big leaps, moving away or moving to us from far away. It’s always these people who feel the most anxious, and rightly so, with such a life-changing event on the horizon, but they are also the people who feel the happiest on the day it all happens. We get to delight in that move with them, and boy, does it feel good!
So we bring you a little snapshot of the property market and prices achieved in the West London area for September 2018.
You can see that we do have a 5% drop in property transactions on last year, but still 1% increase in property prices. Yes, that has slowed down, look we are 38% up on property prices from 2013 and that’s a whopper. We do need to consider those trying to get onto the property market, so a slow down is good in some respects. That said, someone actually sold a house for £4,250,000 in West London – it was Chiswick though! In Staines-upon-Thames, our most popular price bracket for sales transactions is the £250,000 – £500,000 range, and this follows suit across the whole of West London. People really do not want to pay that additional stamp duty, and who could blame them! Especially with interest rates up to 2.7% now, it is becoming more and more expensive to buy property and so we have seen a huge rise in the number of long-term renters. More about that in the nest blog!
Property Prices in Outer West London
Property Prices in West London
As always, thank you for reading our article. Let us know if you are thinking of that ‘big move’ because we really do want to help!
All the best,
