Find your new home

April Market Insight


Over the last five years there have been a number of elections and referendums, whether they be on Scottish independence from the UK, UK independence from the European Union or simply to decide on a new government. Each of these public decision processes creates a varying degree of uncertainty in the financial markets and, consequently, in the housing market.


Over the last month, since it was announced that there will be a general election on 8th June, some homeowners have decided to postpone their selling plans if their move is not urgent. Studies have shown that following an election or referendum the housing market picks up swiftly, and in fact the halting factor is the fear of the unknown in the run-up to the decision. For those homeowners who choose to ignore the noise and proceed with the sale of their home, well-priced properties are still finding buyers swiftly.


The lettings market is, just like at this time year, demonstrating impressive consistency with plenty of high quality stock coming to the market with a wide variety of professional tenants eager to move in. As with the sales market, when lettings properties are marketed at realistic prices, they entice a number of prospective tenants which means landlords can be selective when it comes to the length of the tenancy, the price and any additional requirements they may have. That said, tenants have a range of properties to view in each size and price bracket, so they can find something which suits their needs well.


Fortunately neither the Conservative nor Labour parties are planning to make any major changes to housing-related policy or taxation, so the outcome of the election is unlikely to deliver any surprises for homeowners and homeseekers. The summer months are renowned for being busy for both sales and lettings, as longer days make it easier to view properties after work and properties look at their best with plenty of natural light and vibrant gardens.


Average marketing prices for April (based on Zoopla data)


Sales 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
Chiswick £ 496,215 (+11%) £ 677,334 (-1%) £ 1,044,648 (-2%) £ 1,466,534 (+1%) £ 2,000,366 (-2%)
Ealing £ 469,342 (+1%) £ 608,136 (+1%) £ 803,684 (-1%) £ 1,050,156 (-3%) £ 1,554,188 (-2%)
Brentford £ 384,596 (-18%) £ 584,921 (-5%) £ 790,955 (-3%) £ 901,127 (-10%) £ 805,237 (na)
Hammersmith £ 629,839 (+2%) £ 1,038,050 (-) £ 1,609,172 (-6%) £ 1,194,633 (-22%) £ 2,983,995 (-)
Isleworth £ 313,309 (na) £ 456,262 (na) £ 592,689 (na) £ 815,667 (na) £ 1,129,230 (na)

Lettings (pcm) 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
Chiswick £ 1,573 (-3%) £ 2,036 (-3%) £ 3,004 (+2%) £ 4,181 (+3%) £ 5,156 (+4%)
Ealing £ 1,244 (-8%) £ 1,807 (+1%) £ 2,588 (-6%) £ 2,594 (-8%) £ 3,607 (-22%)
Brentford £ 1,445 (-2%) £ 2,045 (-1%) £ 3,394 (+19%) £ 3,351 (+61%) £ 2,510 (-19%)
Hammersmith £ 1,570 (-18%) £ 2,335 (-13%) £ 3,637 (-4%) £ 3,299 (-13%) £ 3,723 (-14%)
Isleworth £ 1,006 (na) £ 1,327 (na) £ 1,971 (na) £ 2,186 (na) £ 3,181 (na)