Post-Brexit W4 property market

Nov 13, 2016
House prices in Chiswick show no negative impact from the vote to leave the EU with prices climbing back to all time highs as reported on local news website ChiswickW4.com. The average sales price in the W4 postcode area during the third quarter of the year was over £1,000,000 rebounding from the previous quarter when stamp duty changes and uncertainty about the referendum hit the market. The top priced property sold during the quarter was a house in Walpole Gardens that changed hands for £3,860,000. However, one local agent says people should not be over-optimistic about the situation. Christian Harper at Harper Finn: "Currently I thinks it's fair to state that even the resilient Chiswick property market is struggling. "It's easy to preach doom and gloom by quoting economists and some property journalists when in truth, nobody knows what's around the corner. Just look at what the experts said about Trump. My personal view is that sellers should remain focused on differentials and not headline prices." The main concern for local agents is the level of turnover in the market that is down by 60% compared with the same period last year. There have only been 81 sales reported during the third quarter and, although there may be some late transactions to be registered, this is one of the lowest totals for a three month period since the Land Registry started publishing numbers. The Land Registry’s House Price Index is showing that the average price of a home sold in London in August was £488,908 - up 12.1% over the same month last year. For the UK as a whole the index shows and average price of £218,964 up by 8.4% compared to the previous year. Read the full article including a table of West London property prices listed by postcode.  
Search by category
Chiswick life
Where to Live
Schools