The property market across the UK is booming, and this is fantastic news for Northampton homeowners, landlords, and potential buyers. As an estate and letting agency in Northampton, we are thrilled to share that the number of homes sold subject to contract (stc) has significantly increased from January to the end of May 2024 compared to the same period in 2023.
Nationally, the number
of properties sold stc rose by an impressive 16.6%, from 420,675 in 2023 to
490,787 in 2024. This surge is mirrored across various regions, indicating a
robust and thriving property market. Here’s a breakdown of the growth in different
regions:
· East Anglia: A
remarkable increase of 19.3%, leading the charge with the highest growth.
· East Midlands: Close
behind, with an 18.6% rise in home sales.
· London: Matching the
East Midlands with an 18.6% increase, showing strong demand in the capital.
· South East:
Experiencing an 18.4% uptick, highlighting its popularity.
· West Midlands: Not far
off, with a 17.6% growth.
· North West: Enjoying a
16.8% rise in sales.
· North East: Seeing a
solid 15.1% increase.
· South West: With a
healthy 14.7% rise.
· Yorkshire and the
Humber: Reporting a 13.9% increase.
· Scotland: Experiencing
a 12.1% growth.
· Wales: With a 12.6%
increase.
· Northern Ireland:
Showing an 11.3% rise.
For the residents
of Northampton, this data is a clear indicator of a positive trend in the
property market. Whether you are a homeowner considering selling, a landlord
looking to expand your portfolio, or a first-time buyer, the upward trend in
home sales is a strong signal of confidence in the market.
Stay tuned for more updates and insights from your trusted estate agency in Northampton. Let's make the most of this thriving property market together!
For more information
or to discuss your property needs, feel free to contact us at 01604 801 962.
