Brid soars to top of tables in property sales

Bridlington came joint third in the survey carried out by Halifax
Bridlington came joint third in the survey carried out by Halifax

Bridlington was among the country’s biggest property hotspots of last year, according to a national survey of house sales.

Several towns in parts of Northern England, the Midlands and Wales have seen house sale numbers head upwards this year, while Southern England has seen many of the biggest falls in sales.

It meant Bridlington came joint third in the top 10 towns with the biggest percentage increases in property sales in 2015, compared with 2014.

Craig McKinlay, mortgages director at Halifax, said: “While sales have declined in all regions, there is a clear North versus South pattern with sales falling most in Southern regions. An acute shortage of properties for sales has also added to the constraints on activity.

“Nonetheless, there remain substantial local variations in housing activity with a small number of towns recording significant increases. These towns are largely in the North and are where prices are relatively low.”

To make its findings, Halifax looked at the numbers of house sales recorded by the Land Registry across more than 550 postal towns and London boroughs.

It compared the number of house sales taking place in the eight months to August 2015 with those which took place during the same period in 2014.

While Bridlington soared to the top of the tables central London sunk to the bottom, where sales plunged by 60 per cent.

An “acute shortage” of properties for buyers to choose from has constrained housing market activity, the report said.

In Yorkshire house sales were down six per cent.

There were 51,545 sales in the region in 2014 compared with 48,297 in 2015, according to the new Halifax report.

While the biggest fall was seen in Greater London, the smallest drop was in the North West, of three per cent.

There were also sharp variations across local housing markets. For example, within the North West region, while sales have jumped by 23 per cent in Salford this year, they have fallen by 16 per cent in Clitheroe in Lancashire.

Salford in the North West saw the biggest increase, boasting a 23 per cent rise in the number of property sales.

This was followed by Pontefract, with a 20 per cent rise, then by Halesowen in the West Midlands with Bridlington, who shared an 18 per cent overall increase.

Overall, the number of house sales across England and Wales fell by eight per cent compared with 2014, with 549,639 sales recorded between January and August 2015.