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House sales up in 65% of towns

Alex Johnson

6990d9e9c8ffdb302d2826a3f390cd2c538351eb 300x199 House sales up in 65% of towns The number of towns with rising home sales has more than doubled over the past year, according to research by Lloyds TSB.

Almost two-thirds – 324 out of 500 – of the towns tracked in England and Wales recorded a rise in the first half of 2012, compared to 151 towns in the first half of 2011.

Around 60% of the towns that saw a rise in 2012 are in southern England in contrast to 2011 when towns in the north accounted for a larger share of the country’s property sales hotspots (58%).  Felixstowe recorded the biggest increase in the first six months of 2012 with a 60% rise, followed by Brighouse in West Yorkshire (53%).

The two locations with the largest declines in home sales in the first half of 2012 are in Lancashire. Salford saw the biggest fall (-28%), followed by Leigh in Wigan (-27%).

Suren Thiru, Lloyds TSB Housing Economist, said: “It is encouraging that the number of towns across England and Wales seeing a rise in home sales has increased significantly over the past year. This highlights the very mixed state of the housing market at a local level compared with the rather subdued picture at a national level. Many of the top performing towns are in areas where improved levels of affordability over recent years have helped support demand for those able to enter the housing market.”

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