Hillingdon Borough has bucked the national and Greater London trend for a decrease in average property prices in September. According to the Land Registry the national trend was a small decline of 0.2% bringing the average price to £177,299 across the country.
However in Greater London the average house price was down a much larger 0.7% to £460,521 between September and August. An average decline in value of £3,204 per property.
However the average Hillingdon property now costs £313,352, a rise on the month of 0.6% which equates to an average increase in the month of £1799. According to the published figures Hillingdon house prices have gone up 5.3% since the end of June 2014 until the end of September.
Land Reg House Average House Price Data to September 2014
One thing the results from across London show is that there are many different London markets out there as we know there are many different markets here in Hillingdon.
This data shows the local area outperforming London and I would like to think this is because of steady demand in the area with prices supported by steady employment. However a month is a short period of time and property investment is best considered as a long term investment.
