Geographical differences

Transaction levels on a regional basis illustrate significant variations.

May 2010, Words by Lucian Cook

 

By looking at transaction levels over the past 10 years, significant geographical variations have emerged in terms of the proportion of privately owned housing stock that sells in each year. These include regional differences, and also more frequent transactions in urban areas, where new development is more concentrated and younger households work their way up the housing ladder.

At one end of the scale are locations such as Swindon and Milton Keynes where an average of over 8% of private housing stock has changed hands annually; at the other Staffordshire, where the average falls to just 5.5% (or one in 18 properties) (See Graph 1).

 

 
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