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Chiswick property prices have been hard-hit according to data released by the Land Registry. Prices of properties registered with them during January to March were down by 7.4% compared to the previous quarter. This brings the cumulative fall over the last two quarters close to 15% for this area. Over the year prices are up by 3.7% in Chiswick which compares to a 12.1% rise in London in general and a rise of over 20% in the rest of the country. Volumes to have reduced sharply down by around 30% compared with the same period last year. The period saw the first closure of an estate agent's office in Chiswick with Rolfe East shutting up shop (to be replaced however by another estate agent. The biggest fall came in terraced houses which up until recently had been the strongest performing part of the Chiswick market. They fell by 11% during the quarter. Flat prices remain weak but appear to have stabilised somewhat after recent sharp falls. The top end of the market remains moribund with no transactions of over £1million taking place according to the Land Registry despite a substantial number of properties in this category currently on the market.
Meanwhile data from hometrack suggests a slower fall over the period and the possibility of some recovery. The average number of viewings taken to sell a property in Chiswick fell to 14 from 19 in previous months. May 9, 2003 Sign up for our free weekly newsletter Comment on this story on the Land Registry Numbers for Chiswick Judge rules that Foxton's service was sub-standard Don't believe the hype on Chiswick property Rare chance to acquire Norman Shaw property in Bedford Park Chiswick Shop Rentals Rising Faster then Anywhere in London
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