Local Price Index

The holland hall price index clearly shows a fall in the average price of a property sold in the local area from the highest ever recorded average price of £543,924 in Q2 2008 down to an average price of only £324,000 by the end of Q1 2009. This is a reduction of 40% from the peak and takes actual sold prices back to the same level as Q1 2006.

A word of caution however, this comparison is for only one quarter of 2009 and the total number of sales during this period has been very low. Additionally the Q1 price index has historically been the lowest average for each of the quarters for each year. It is therefore expected the price index will increase during Q2.

The index is calculated using the average property values from Quarter 2 (April – June 2000), as the base comparison. All data is taken from the Land Registry. All properties are included.