A new analysis of sales volume data has revealed where across England has seen the strongest rate of growth when it comes to increases in the number of transactions taking place.
New research from Lomond shows that across England, sales volumes have been increasing at an average rate of 1.5% per month, however, it’s 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.
The East Midlands has seen the second strongest performance 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 Lomond at the local authority level shows that it’s Dacorum in the East of England that tops the table as the strongest pocket of the property market at present.
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%).
“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.", said Lomond CEO, Ed Phillips.
He added: "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.”