BOOMING house prices within Hounslow have recorded the largest price surge of all the London boroughs in the first month of 2003, according to figures released this week, and market researchers say this trend will continue for the foreseeable future.

According to Hometrack's monthly London Survey, compiled by data received from local estate agents, Hounslow recorded an overall average price rise of 0.4 per cent during the month of January, putting it at the top of London's 33 boroughs.

The figures also revealed an average monthly London-wide price fall of 0.1 per cent during January, the third successive month that house prices have fallen in the capital.

Speaking to The Guardian, John Wriglesworth, Hometrack's housing economist, said there were a number of reasons behind the borough's performance.

"One issue is that the average price in Hounslow is not hugely expensive compared to other areas and, in that respect, is an up-and-coming area," he said.

"Hounslow has also not been too badly affected by recent job losses in the city, as it is not a primary area for city commuters.

"I would predict that this rise will continue over the short-term, and that Hounslow will fare well against other London boroughs."

However, in the long-term, with the possible construction of a third runway at Heathrow Airport, he added that the borough could suffer.

l See tomorrow's Hounslow, Feltham and Hanworth Times for more details.

January 31, 2003 11:00