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House prices drop by 30% – is YOUR area one of the slump zones? – Express.co.uk

House sales are down as much as 30 per cent in some areas, showing a stumble in the market for many areas.

New research from Lloyds Bank said 82 per cent of towns saw house sales fall between 2015 and 2016.

The largest drops in home sales in 2016 were in Brent in north west London where the average house is sold for £424,313 and Berkhamsted in Hertfordshire, where the cost of a semi-detached home is £485,969.

Sales in each fell by 30 per cent. 

Other areas with the biggest drop in sales were Harrow, Newham, Hackney, Hounslow, and Southwark in London.

Elsewhere, there was also a downward trend in Workington, Cumbria, Basildon in Essex, and Thatcham in Berkshire. 

Fewer people are buying homes in property markets in the south of England, as compared to the north, new figures have shown.

2017-06-22T12:10:37+00:00