Hounslow house prices have plummeted faster in the last month than in any other London borough.
Prices are down by an average of four per cent, equivalent to over £18,000 knocked off every Hounslow home, according to figures released this week by property experts Rightmove.co.uk.
In the same month the value of homes in Kingston-upon-Thames increased by 3.9 per cent, equivalent to a boost of nearly £20,000 to each home. Elsewhere in London prices have boomed, with the City of Westminster up by 26.4 per cent over the year, putting the average home well above £1m.
The new figures also put Hounslow well below the national average which increased by 1.2 per cent for the same period.
Lisa Butler of Antony James Manser's New Homes department, said that her agents are advising people to accept reasonable offers, even if they fall short of the asking price.
She said: "It's not the fact that house prices are dropping it's just that people are expecting lower prices.People view Hounslow as a scruffier area. The High Street hasn't done what it was meant to and it hasn't regenerated the the area as people had hoped.
"If someone has the money to buy a house are they going to spend that in Hounslow, or in Isleworth, which is a safer area with better schools?"
