UK house prices: 10 UK towns where property sales have risen and fallen the most

Retford in the east Midlands saw the biggest rise in home sales in 2016, according to research by Lloyds Bank.

Retford saw transactions increase by 15 per cent followed by Cannock in the west Midlands (12 per cent).

Meanwhile Brent in Greater London and Berkhamsted in south east England recorded the largest drops in home sales in 2016, both falling by 30 per cent.

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The research also found that property sales in 2016 were seven per cent lower than in 2015. There were 848,857 home sales in England & Wales in 2016, compared to 915,096 in the previous year.

Read more: Revealed: The top 10 best and worst buy-to-let postcodes in the UK

Andy Mason, mortgage director at Lloyds Bank, said: “The recovery in the housing market has stumbled during the past year with sales declining in all regions. Despite record low interest rates and government schemes, such as help to buy, sales remain significantly below the levels seen at the height of the last housing boom.

“The decrease in the amount of people moving home could be caused by movers not being able to find the right home, in the right location or those who don’t have enough equity in their current home to put down as a large enough deposit for their next mortgage. Add to this that the average cost of moving home is close to £11,000, with costs in London over £31,000 and these factors make it more challenging for those looking to move home.”

Ten towns with the highest percentage increase in property sales, 2015-2016

Post townRegion

Sales 2006

Sales 2016

Sales percentage change

RetfordEast Midlands60469415 per cent
CannockWest Midlands1148128812 per cent
NelsonNorth West60567512 per cent
DewsburyYorkshire and the Humber56662711 per cent
Lytham St AnnesNorth West922102111 per cent
WisbechEast Anglia918101511 per cent
Thornton CleveleysNorth West85394210 per cent
BurnleyNorth West1429157810 per cent
LowestoftEast Anglia1346147610 per cent
CoalvilleEast Midlands7818519 per cent

Ten towns with the largest fall in property sales, 2015-2016

Post townRegion

Sales 2006

Sales 2016

Sales percentage change

BrentGreater London29242048-30 per cent
BerkhamstedSouth East546384-30 per cent
NewhamGreater London28312009-29 per cent
HarrowGreater London29282094-28 per cent
WorkingtonNorth578429-26 per cent
HackneyGreater London28282106-26 per cent
BasildonSouth East19371465-24 per cent
HounslowGreater London32002432-24 per cent
SouthwarkGreater London40583098-24 per cent
ThatchamSouth East585450-23 per cent

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Written by: Houseladder