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Selby bucks UK property trend
8:10am Monday 10th February 2014 in News
SELBY is one of only a handful of towns in the country which have seen a fall in property sales, according to new figures.
Sales nationwide were reported to have grown at their fastest annual rate in ten years in the six months to September 2013 as the housing market revival spread across England and Wales.
Ninety eight per cent of towns were “hot spots” seeing an annual uplift in sales, a sharp contrast with a year earlier, when only just over a quarter of towns saw a year-on-year increase.
Selby was one of only nine towns that saw a decrease, coming in at joint eighth place with a one per cent drop in transactions in the six months to September. The biggest drop anywhere was ten per cent in Crowborough in the south east.
The report, which used Land Registry figures, found there were 396,756 house sales in the six months to September, but property sales were still two fifths below a market peak of 673,699 in 2006.