Top 20 areas feeling the most stamp duty holiday heat for homes sold

holiday

Research by the estate agent comparison site, GetAgent.co.uk, has shown which parts of the property market are feeling the most stamp duty holiday heat when it comes to transaction levels and sold prices.

GetAgent analysed Land Registry sold price records since the initiative was launched on the 8th July last year to reveal the top 20 areas with the most homes sold, as well as the top 20 where the average sold price is concerned.

The figures show that 590,200 transactions have taken place across England with an average sold price of £268,500.

The South East has been by far the hottest region from a transaction standpoint, with 107,919 property sales completing to date, with the North West (79,222) and East of England (70,893) also putting in an impressive performance.

At district level, it’s Leeds that is leading the way. There have been 8,580 transactions across Leeds since the launch of the stamp duty holiday, with Birmingham (8,269) and Cornwall (7,328) also ranking within the top three.

The top 20 also includes areas such as Buckinghamshire, County Durham, Dorset, Bradford, Bristol, Liverpool, Manchester and Bromley. However, 85% of districts in England have seen 1,000 homes or more sold since 8th July 2020.

In terms of the highest sold prices since the launch of the stamp duty holiday, London predictably ranks top with an average of £500,000.

Hardly surprising, then, that London also accounts for 17 of the top 20 most expensive property markets in terms of the average price of homes sold.

Elmbridge (£625,000), St Albans (£585,000) and Mole Valley (£565,000) are the only areas outside of the capital to make the top 20, with Kensington and Chelsea (£1.2m), Westminster (£875k) and Hammersmith and Fulham (£765k) home to the highest house prices in England since the launch of the holiday.

Founder and CEO of GetAgent.co.uk, Colby Short, commented:

“We’re used to seeing London dominate where property prices are concerned and despite the region seeing the lowest increase in house prices over the last year, it continues to lead in terms of the highest sold prices achieved.

However, the wider impact of the stamp duty holiday has been a huge boost in transaction levels and this has been felt pretty much across the board with more than 85% of the nation seeing at least 1,000 homes sold since July of last year.”

Table shows the average sold price and number of transactions since the launch of the stamp duty holiday
Location Median sold price (8th July 2020 to May 2021) Transactions (8th July 2020 to May 2021)
SOUTH EAST £356,000 107,919
NORTH WEST £175,000 79,222
EAST OF ENGLAND £315,000 70,893
SOUTH WEST £282,500 69,627
LONDON £500,000 66,588
YORKSHIRE AND THE HUMBER £174,000 58,903
WEST MIDLANDS £210,000 56,238
EAST MIDLANDS £208,000 52,183
NORTH EAST £135,000 28,627
ENGLAND £268,500 590,200
Data sourced from the Land Registry price paid records (8th July 2020 to 31st May 2021 – latest available)

 

Table shows the top 20 areas with the highest number of transactions since the launch of the stamp duty holiday
District Transactions (8th July 2020 to May 2021)
LEEDS 8,580
BIRMINGHAM 8,269
CORNWALL 7,328
BUCKINGHAMSHIRE 6,191
COUNTY DURHAM 6,057
WILTSHIRE 5,758
BOURNEMOUTH, CHRISTCHURCH AND POOLE 5,688
CHESHIRE EAST 5,555
DORSET 5,358
BRADFORD 5,298
SHEFFIELD 4,852
EAST RIDING OF YORKSHIRE 4,718
CITY OF BRISTOL 4,676
KIRKLEES 4,577
LIVERPOOL 4,468
MANCHESTER 4,164
CHESHIRE WEST AND CHESTER 4,143
BROMLEY 3,855
SHROPSHIRE 3,782
NORTHUMBERLAND 3,699
Data sourced from the Land Registry price paid records (8th July 2020 to 31st May 2021 – latest available)

 

Table shows the top 20 areas with the highest sold price since the launch of the stamp duty holiday
District Median sold price (8th July 2020 to May 2021)
KENSINGTON AND CHELSEA £1,237,500
CITY OF WESTMINSTER £875,000
HAMMERSMITH AND FULHAM £765,200
CAMDEN £763,000
CITY OF LONDON £753,000
RICHMOND UPON THAMES £695,000
WANDSWORTH £661,000
ISLINGTON £655,000
ELMBRIDGE £625,000
HACKNEY £595,000
ST ALBANS £585,000
BARNET £575,000
LAMBETH £572,500
MOLE VALLEY £565,000
SOUTHWARK £557,750
HARINGEY £550,000
MERTON £527,000
BRENT £525,000
KINGSTON UPON THAMES £525,000
TOWER HAMLETS £517,500
Data sourced from the Land Registry price paid records (8th July 2020 to 31st May 2021 – latest available)

 

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Media contact

Rebecca Morpeth Spayne,
Editor, Showhome Magazine

Tel: +44 (0) 1622 823 922
Email: editor@yourshow-home.com

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