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

 
Shruti Tripathi Chopra
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Newham is among areas where house sales fell the most (Source: Getty)

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

Post town Region

Sales 2006

Sales 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

Post town Region

Sales 2006

Sales 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

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