Property & Mortgages

Property market ‘stumbles’ as most towns see fall in sales

The housing market recovery has “stumbled” during the last year, with more than four in five towns across England and Wales seeing a dip in property sales, analysis has found.

Some 82% of towns included in research from Lloyds Bank saw house sales fall between 2015 and 2016.

Bucking the general downward trend, Retford in the East Midlands saw the biggest rise in home sales, with a 15% year-on-year increase, followed by Cannock in the West Midlands, where house sales were up by 12% annually.

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