The number of property "hotspots" – towns which experienced a rise in sales numbers – halved in 2011, dropping to its lowest level since the height of the financial crisis, according to new research by Lloyds TSB.
Just 40pc of the 500 towns tracked by its survey in England and Wales recorded a rise in home sales last year, representing the smallest share of the market since the crash of 2008, when all towns recorded a fall in sales.
Overall, there were 630,389 home sales in 2011, some 4pc fewer than in the previous year, the figures showed.
Northern towns saw the biggest pick-up in sales volumes, accounting for 59pc of the towns which saw an increase. This represented a reversal of 2010's trend, when southern towns accounted for the majority of the property sales hotspots.
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