The real estate market has seen a surge in activity in recent months, with buyers temporarily halting payment of stamp duty. As things start to slow down and indicators show house prices may drop as we approach 2022, some regions have seen a surge in activity.
Research by national estate agent Keller Williams UK has shown the top 10 postcodes in the property market where buyers and sellers are yet to take a break in 2021.
Keller Williams UK has analyzed transactions at the postcode level since the start of the year and found out where the best choices in the property market are in England and Wales.
Previous research by Keller Williams UK has so far revealed this year that residential property sales have reached £ 68.8 billion in value.
And unsurprisingly, London represents all but one of the country’s most valuable postcodes.
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But when it comes to most things to do, only one London postcode makes it into the top 10.
The study found that in England and Wales, 197,041 deals have been successfully completed since the start of 2021.
The numbers showed that Croydon’s CR0 postcode saw the highest number of any postcode.
So far this year, 425 sales have taken place, followed closely by the BN3 postcode in Brighton and Hove with 395 sales.
Next stop is E17 at Waltham Forest and Brighton postcode BN1 with 371 and 346 transactions respectively.
The BS16 postcode straddling Bristol and South Gloucestershire is the next most popular real estate postcode with 345 houses sold.
Next come BH23 in Bournemouth, Christchurch and Poole / New Forest with 337 transactions.
To see the full list, read on below.
Top 10 Postal Codes For Sales So Far In 2021
- CR0, Croydon – 425 operations
- BN3, Brighton and Hove – 395 transactions
- E17, Waltham Forest – 371 transactions
- BN1, Brighton and Hove / Lewes – 371 transactions
- BS16, Bristol / South Gloucestershire – 345 transactions
- BH23, Bournemouth, Christchurch and Poole / New Forest – 337 transactions
- BN2, Brighton and Hove / Lewes – 336 transactions
- LE12, Charnwood / North West Leicestershire / Rushcliffe – 310 transactions
- LE3, Leicester / Blaby – 295 transactions
- NG5, Nottingham / Gedling – 290 transactions
Data comes from land register price paid data – January 2021 to May 2021 (latest data available), excluding property type “other”.
Keller Williams UK CEO Ben Taylor commented: “We have heard a lot in recent months about how the stamp duty holiday has led to a huge increase in property sales and while this is generally true some areas will have experienced a greater number of homes sold than others.
“Nowhere more than these real estate postcode hotspots and it is impressive to see such a vast regional expanse with the list including areas of London, the South West and the Midlands.
“This is not to say that other regions are not performing well and it is undeniable that the impact of the stamp duty holiday has been felt in just about every area.”