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Winkworth_West_London_Spring_2016_WEB
Winkworth_West_London_Spring_2016_WEB
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The local<br />
view Sales<br />
Transaction levels in West London have held up more<br />
favourably than in prime central London. With an<br />
average sales price of £700,000, buyers in this area have<br />
not been penalised by tax reforms in the same way as<br />
central London. In fact, 83% of properties sold in West<br />
London since 2014 have incurred lower stamp duty bills<br />
than under previous rules.<br />
Transactions over last 12 months<br />
compared to previous 12 month period<br />
West London<br />
Prime central London<br />
local sales<br />
at a glance<br />
20%<br />
0%<br />
-20%<br />
-40%<br />
Under<br />
£500k<br />
£500–£750k<br />
£750–£1m<br />
£1m–£2m<br />
£2m+<br />
83%<br />
of properties sold since<br />
end 2014 have incurred<br />
lower stamp duty bills<br />
Source: Land Registry<br />
than under previous rules<br />
Average sales prices across West London in last 12 months<br />
£953,034 £867,597 £865,742 £865,049 £669,157 £608,262<br />
£1m<br />
£800,000<br />
£600,000<br />
£400,000<br />
£200,000<br />
10%<br />
fewer transactions over<br />
last 12 months<br />
compared to previous 12 month period<br />
(21% fall in PCL)<br />
Land Registry<br />
£0<br />
Chiswick<br />
North<br />
Kensington<br />
Kensal Rise Hammersmith<br />
& Queen's Park<br />
Shepherd's<br />
Bush<br />
Ealing<br />
& Acton<br />
Source: Land Registry<br />
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