Property by Region
With the dipping housing prices and the stringent mortgage lending rules, buyers and sellers in the market are struggling in a very stagnant market. Regions all over the UK are having issues, some less than others. In London, the mortgage market seems to be picking up and bucking the trend. London is not alone in weathering this mortgage storm, regions like Brighton and Leicester are doing better than others too.
Industry expert, Nigel Lewis, from FindaProperty.com has commented “There are many reasons why some postcodes feature a bustling property market. This can include being under priced compared with neighboring areas, which is true in Chorley in Lancashire; attracting people escaping London for a quieter life, for example in Brighton; and economic success in the face of the recession, as with parts of Essex,”
From the research carried out by this organization, they have listed the top 50 postcodes which have the highest number of sales from January 2010 to January 2011 and there are a few surprises.
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