Ealing Overview
The Bank of England has held interest rates at 4.25% in the June meeting. CPI inflation rose by 3.4% in the 12 months to May 2025, compared with 3.5% in April (ONS).
Over the last 12 months, the average sales price in Greenford and Hanwell was £467,895, compared with £540,409 across the Greater London region.
By comparison, the average price achieved for homes sold in Greenford and Hanwell during the past year was £467,895, or £563 per square foot.
The average asking price of all homes currently available to buy in Greenford and Hanwell is £498,303. On a price per square foot basis, this is £597.
Where Should I Invest?
If I got a pound for the number of times I get asked what area people should invest their money in, I would quite comfortably be retired by now.
But all the same, it is the million-dollar question: Which area should one invest their money in?
Let’s be honest — over the last 30 or so years, brick and mortar have been the most stable investment. The stock market has had its moments, but as far as investment is concerned, property remains a “sure thing”.
So the next question is: Where? Typically, London has always been more predictable than the rest of England.
I have always believed London is, and probably always will be, an island within England. This doesn’t just relate to property — the general economic climate within the M25 is often far more buoyant.
London property prices continue to push northwards, and there is a general movement in the market. People are buying and people are selling. As estate agents, we cannot ask for anything more!
Yes, lending is still tough, but from the economic indicators, there is movement in the market.
My Advice on Where to Buy
When thinking about where to invest, I would suggest keeping your investment within the M25. Try to find areas that are up and coming, where large-scale government redevelopment is taking place or planned.
The trick is to try to pre-empt this so that you get in at the bottom rung of the ladder.
Alternatively, being close to universities has always been a strong option. With rising costs of student accommodation and limited supply, more students are choosing to rent privately.
Finally, a lesson I have learned the hard way: stick to what you know and stay within an area that you know. Local knowledge of where you are investing will pay dividends in years to come.
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