Property sale hotspots fall
THE number of property sales hotspots in England and Wales fell to their lowest level since the height of the financial crisis, according to new research by Lloyds TSB.
Just 40 per cent of the 500 towns tracked in England and Wales were hotspots – towns that recorded a rise in home sales – in 2011. This was the lowest proportion of towns experiencing an annual rise since 2008. Towns in the north see the biggest increases in sales and 59 per cent saw a rise in home sales in 2011, compared to 41 per cent in the south.
Bilston, Wolverhampton (30.7 per cent), Rugeley in Staffordshire (30.6 pc) and Bootle (21 pc) recorded the biggest increases and Tower Hamlets recorded the largest fall (-22 pc).