Manisha Mehta
3-minute read
Last updated on:
November 13, 2020
Property prices have boomed in recent months with many seeking to escape their lockdown homes in favour of something new, and all in time to ensure they can take advantage of the stamp duty holiday.
But which areas in the UK have had the most sales? Online broker, Mojo Mortgages, looked at postcode data to reveal the areas which have had the most sales in the past month, as well as average asking prices.
In the top spot is Hove which has had 61 sales in the past month, with an average asking price of£387,616. The seaside town of Hove is known as Brighton’s little laid-back sister, and with many looking to move to quieter towns following lockdown which are close to nature, this sleepy seaside town is proving very popular.
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In second place is Christchurch in Dorset with 60 sales last month. The average asking price in Christchurch is £399,412, and research has shown that quality of life scores highly for its residents, with its proximity to beaches and the New Forest, perfect for active families.
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In third place is Croydon, with 58 sales in the last month. In particular, the town of Sutton is extremely popular as it provides the rural feel that many are after following city living, with London also being easily accessible for when the world eventually returns to normal. The average asking price is Croydon currently stands at £348,124.
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Nottingham features heavily within Mojo’s research. The postcodes of NG5, NG9 and NG16 have collectively had 163 sales in the past month, with average asking prices from £187,156 to £256,259. There is strong demand in Nottingham where average values have gone up by 4.7% since last September. This is based on analysis of sold prices, mortgage valuations and data for agreed sales.
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