The strongest property sales growth has been localised to the North of England lately, with Blackpool, Lancaster, and Durham leading a big rise in transactions.
In the second quarter of 2018, sales increased by 17% more than Q1 in Blackpool, 16.6% in Lancaster, and 15.4% in Durham.
This is based on data from Housesimple which looks at over 60 cities. The data also shows that 7 out of 10 highest property growth towns were in the North of England while the South saw the biggest falls.
After Durham the next biggest rise in sales was 11.8% in Swindon, followed by 8.9% in Hartlepool, 8.8% in Leicester, 7.4% in Middlesbrough, and 7.2% in Warrington, Gloucester and Newcastle.
‘The North/South property divide has been turned on its head’, said Sam Mitchell, chief executive officer of Housesimple.
‘Properties, particularly family homes, are still affordable in the North of England and with thriving local economies attracting workers to the region, stock is being snapped up in major cities such as Liverpool, Manchester and Leeds,’ he added.