As much of London sees a collapse in the number of residential property sales particularly for new-build flats, Chiswick appears to be the one area still attracting buyers.
The latest data release from the Land Registry shows a sharp drop in transactions from already historically low levels in areas such as Putney, Brentford, Ealing and Wandsworth. As reported on local news website
ChiswickW4.com, most notably there appears to have been a complete evaporation of demand for new flats with not a single one being sold in some of these post code areas despite hundreds of units currently being marketed and thousands in the pipeline.
Chiswick seems to be weathering the property storm, with a much less dramatic fall in sale volumes than other London areas and a re-emergence of interest in new local developments.
Buyer incentives and clever marketing by developers of new flats appear to be attracting most interest and local agents say that buyers are finding that they can afford to snap up a new flat which might have been hitherto out of their reach.
This continuing demand for new-build flats in Chiswick is reflected in a figure of 14 sales at the 500 Chiswick High Road development. And while sales at the larger Chiswick Gate development near Hogarth Roundabout were slower, the developer sold seven flats and three of the houses during the second quarter.
Read the full article ‘Chiswick proves to be an oasis in the property market desert’ including detailed postcode analysis of the W4 property market. Plus
Horton and Garton's Chiswick Sales Director Paul Cooney and Mani Sheibani at
Featherstone Leigh share their insights.
