Halifax names property hotspots

| October 3, 2010 | 1 Comment

Ilford in Essex is the leading property sales hotspot in England and Wales, with an 85% rise in the number of homes sold in the first half of 2010, compared with the same period of 2009.

Research from Halifax has identified Croydon and Maidenhead as the runners up, with sales rising 73% and 71% respectively.

While the lender’s study found “considerable variations” across the country, only three towns saw no increase in sales over the year as follows: Blackpool -1%; Grimsby 0% and Sunderland 0%.

Turning to the bigger picture, there were 290,227 home sales in England and Wales in the six months to the end of June, or 27% more than in the first half of 2009.

Sixteen of the top 20 towns are in London and the South East and most have good commuter links to central London.

The four non-southern towns in the top 20 hotspots are Stockport and Chorley in the North West, Shrewsbury in the West Midlands and Durham in the North.

Halifax has also recently reported that a growing number of couples are opting to live in separate homes.

“Live-apart-ners” now account for one in twenty long-term relationships, a 40% rise over the last ten years, as couples become more comfortable living apart but staying together, according to the research.

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  1. Chris says:

    Great to hear an indication of more sales for the year, against a very low base though.

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