The South East has been the best performing region with an annual average of more than 143,000 homes sold each year, followed by the North West and Scotland.
At the local authority level, the average number of homes sold per year in the UK has gone up to over 12,000.
Glasgow, Edinburgh, and Cornwall are within the top five in terms of homes sold each year.
The City of London, Rutland and Merthyr Tydfil are the worst places to sell a home.
Over the last five years, the City of London has sold an average of just over 200 homes per year, with Merthyr Tydfil selling an average of over 700 homes per year.
For the lowest sales volumes, Oadby and Wigston are within the top five.
The last two years have seen house prices and transaction levels record highs, but a period of unprecedented boom doesn’t always reveal where the best performing pockets of the housing market are.
We can see which towns and cities have put in the strongest and most consistent performance over a longer period of time when we take into account the market’s performance during a period of political uncertainty caused by the UK’s exit from the EU.
“That isn’t to say that those areas to have seen the lowest level of sales volumes aren’t desirable, but it shows the diversity of the market and how one area won’t necessarily enjoy the same boom period as another.”
These levels of market activity and prices achieved locally are the factors that will impact your chances of selling, not the benchmark set by the UK average, as this is an incredibly important consideration when looking to sell your home.