What’s really happening in the Chiswick property market?

Ad - Chiswick Estate Agents Horton and Garton explore the latest market trends

Chiswick Estate Agents Horton and Garton explore the latest market trends together with their insight and local expertise to those making property related plans this spring.

As Propertymark members, Horton and Garton have teamed up with Phil Spencer and MoveiQ to provide the most accurate update for homeowners – you can watch our local property market updates on YouTube – Click here.

Over the first 3 months of 2024, the Chiswick property market has witnessed a subtle shift; the year began with low property availability but as we move forwards, stock levels are rising, and quality buyers are returning to the market.

Signalling a revived inclination to purchase, the latest figures from the Bank of England reported that there has been an uptick in mortgage approvals, with a notable 40% surge compared to this time last year.

Whilst there has been some price recalibration over the past 12 months, we are now seeing a steadier market across all property types, though the strongest demand continues to be for family homes across W4. Look at longer term price trajectories; the pandemic saw a push towards larger homes, leading to a 13.3% growth in the average price of a house in Chiswick over the past five years, according to Land Registry.

The current climate offers early signs of a spring market with potential, though there continues to be an air of caution; according to Zoopla the time properties spend on the market has increased, with the average period to secure a buyer now standing at 71 days. The same report highlighted that across the wider UK property market sellers are having to reduce prices to successfully sell.

Head over to our YouTube channel to watch both our Chiswick Market Update and, if of interest, our Hammersmith and Shepherd’s Bush property market updates too. On our website you will find our latest West London Property News for Spring 2024.

Looking ahead, the Chiswick property market reflects a cautiously optimistic outlook. With clear advice from a knowledgeable local team, sellers can make well-informed decisions when moving house. Get in touch for a no obligation discussion

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April 19, 2024