Ealing house prices increased in April

House prices increased by 1.8% in Ealing in April, new figures show.

The rise contributes to the longer-term trend, which has seen property prices in the area grow by 5% over the last year.

The average Ealing house price in April was £537,014, Land Registry figures show – a 1.8% increase on March.

Over the month, the picture was similar to that across London, where prices increased 2.1%, but Ealing was above the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Ealing rose by £26,000 – putting the area 10th among London’s 33 local authorities with price data for annual growth.

The highest annual growth in the region was in Tower Hamlets, where property prices increased on average by 10%, to £511,000. At the other end of the scale, properties in Kensington and Chelsea lost 15.8% of their value, giving an average price of £1,276,000.

First steps on the property ladder

First-time buyers in Ealing spent an average of £471,000 on their property – £24,000 more than a year ago, and £44,000 more than in April 2018.

By comparison, former owner-occupiers paid £607,000 on average in April – 28.9% more than first-time buyers.

Property types

Owners of flats saw the biggest rise in property prices in Ealing in April – they increased 2.3%, to £414,718 on average. Over the last year, prices rose by 6.5%.

Among other types of property:

• Detached: up 1.7% monthly; up 3.8% annually; £1,297,951 average
• Semi-detached: up 1.3% monthly; up 3.9% annually; £778,614 average
• Terraced: up 1.2% monthly; up 3.6% annually; £627,908 average

How do property prices in Ealing compare?

Buyers paid 0.6% more than the average price in London (£534,000) in April for a property in Ealing. Across London, property prices are high compared to those across the UK, where the average cost £286,000.

The most expensive properties in London were in Kensington and Chelsea – £1.3 million on average, and 2.4 times the price as in Ealing. Kensington and Chelsea properties cost 3.6 times the price as homes in Barking and Dagenham (£351,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea.

Factfile

Average property price in April

• Ealing: £537,014
• London:£533,687
• UK: £286,489

Annual growth to April

• Ealing: +5%
• London: +2.4%
• UK: +3.5%

Highest and lowest annual growth in London

• Tower Hamlets: +10%
• Kensington and Chelsea: -15.8%