5 October 2010

In the first six months of 2010 Ilford was the leading town for home sales, with an 85% increase in the number of properties sold.

The Halifax Property Sales Hotspot Review covers more than 100 of the largest towns in the UK, and analyses Land Registry data.

The top three was made up of Croydon (73% rise) and Maidenhead (71% rise). To contrast this, Blackpool experienced a 1% decrease in property sales, with Grimsby and Sunderland stuck on the 0% mark.

Between January and June of this year there were 290,227 home sales in England and Wales, which is 27% more than in the first half of 2009.

16 of the the top 20 hotspots were in London and the South East, indicating the continuing North/South divide.

Suren Thiru, Halifax Housing Economist, said: "Over the past year, some towns have recored considerable increases in the number of sales compared with 2009. Most of these towns have been in London and the South East and have good commuter links to central London. Overall, just three towns in England and Wales actually saw no increase in sales over the period."

 

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