Advertisement

  1. ITV Report

Two towns in Midlands see rise in house sales despite slump

Credit: PA Images

Two towns in the Midlands have bucked the trend and seen a rise in property sales, despite most place across the UK seeing a dip.

According to new research by Lloyds Bank, more than four in five towns across England and Wales saw house sales fall between 2015 and 2016.

However, Retford in the East Midlands saw the biggest rise in home sales, with a 15% increase, followed by Cannock in the West Midlands, where house sales were up by 12%.

Despite the recent dip, Lloyds says there has been an improvement from when the market started to recover from the financial crisis.

The number of sales across England and Wales as a whole increased by 29% from 2011 to 2016.

The first-time buyer housing market, according to the research, has also continued to grow.