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.
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
Sales percentage change
|Retford||East Midlands||604||694||15 per cent|
|Cannock||West Midlands||1148||1288||12 per cent|
|Nelson||North West||605||675||12 per cent|
|Dewsbury||Yorkshire and the Humber||566||627||11 per cent|
|Lytham St Annes||North West||922||1021||11 per cent|
|Wisbech||East Anglia||918||1015||11 per cent|
|Thornton Cleveleys||North West||853||942||10 per cent|
|Burnley||North West||1429||1578||10 per cent|
|Lowestoft||East Anglia||1346||1476||10 per cent|
|Coalville||East Midlands||781||851||9 per cent|
Ten towns with the largest fall in property sales, 2015-2016
Sales percentage change
|Brent||Greater London||2924||2048||-30 per cent|
|Berkhamsted||South East||546||384||-30 per cent|
|Newham||Greater London||2831||2009||-29 per cent|
|Harrow||Greater London||2928||2094||-28 per cent|
|Workington||North||578||429||-26 per cent|
|Hackney||Greater London||2828||2106||-26 per cent|
|Basildon||South East||1937||1465||-24 per cent|
|Hounslow||Greater London||3200||2432||-24 per cent|
|Southwark||Greater London||4058||3098||-24 per cent|
|Thatcham||South East||585||450||-23 per cent|
Free Property Ad – Reach millions buyers & tenants
Mortgages – Find cheapest rates from 0.98%
Landlord tax – How to save £1000s using a company
Broadband & TV – Compare Sky BT Virgin & Plusnet
Gas & Electric – Save up to £600+ in 10 minutes
|Mortgages - Find cheapest. Rates from 0.98%. 1st time buyers, remortgages, self-employed, adverse & CCJ, Landlord buy to let. Compare now|
|Sell or Let Property FREE on Houseladder 0% no fees. Free property advertising. List 1 to 1000 properties to millions of buyers and tenants. Upgrade to a Premium advert for only £30 and sell or let your property FASTER! Create Ad|
|Make Money - Earn £250 to £2000+ per month part time. Get paid every month for work you do once. Work from home. Flexible hours. Free training. No experience needed. Major UK PLC company. Find out how >>|
|How To Save Property Tax - Updated Sept 2017 “How To Save Property Tax” is widely regarded as THE tax bible for property investors. The 21st edition has just been published (Sept 2017) and is completely up to date. Read now|