Across England, sales volumes have been increasing at an average rate of 1.5% per month, however, it is the East of England that has seen the strongest performance, with the number of transactions seen increasing at a rate of 2.6% per month, according to Lomond.
The estate agency analysed sales volume data for each area of England looking at where has seen the strongest rate of growth when it comes to the average monthly increase in the number of transactions taking place.
The East Midlands has seen the second strongest performances in this respect, with an average monthly increase of 2.2% in the number of homes being sold, whilst the South East also sits within the top three with sales volumes increasing at a rate of 2.1% per month.
Further market analysis conducted by the company at local authority level shows that it is Dacorum in the East of England that tops the table as the strongest pocket of the property market at present.
The area has seen a 14.6% average monthly increase in the number of homes being sold, with the Midlands also home to some of the best performing markets as the Derbyshire Dales (12.6%), North Warwickshire (11.2%) and Boston (10.6%) have also seen a double-digit rate of increase in this respect.
Other areas to make the top 10 include Blaby (9.9%), Fylde (9.8%), Broxbourne (9.7%), Portsmouth (9.6%), Uttlesford (9.6%) and Hinckley and Bosworth (9.2%).
Lomond CEO, Ed Phillips, commented: “Despite affordability remaining a sizable barrier for many homebuyers, we’ve seen a very strong performance from the property market, particularly over the second half of last year, with buyers returning to the fold and transaction levels climbing consistently across many areas of the market.
“Whilst the top 10 best performing markets are compiled of areas from no less than five different regions, the East of England and East Midlands have performed particularly well and these regions are certainly ones to watch in 2025.
“With yet another stamp duty deadline now in place, we expect to see the rate of transactions completing to accelerate over the coming months as buyers look to beat the clock and secure a saving.”
Read the orginal article: https://propertyindustryeye.com/englands-strongest-performing-property-markets-revealed/
