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Town sees an increase in house sales

BRIGHOUSE has seen the second highest increase in house sales in the country, according to new figures.

The town has seen an increase of 53 per cent comparing the first six months in 2011 to the same period this year.

It has the second largest increase in England and Wales after Felixstowe in Suffolk with 60 per cent.

The rises have been helped by improvements in affordability, with house prices in the ten biggest property sales hotspots falling by seven per cent over the past four years, Lloyds TSB said.

Brighouse is among 324, or 65 per cent, of the 500 towns tracked that saw an increase in home sales in the first half of this year compared with the first six months of 2011.

Houses prices in the ten towns recording the biggest increases in property sales in the first half of 2012 stands at an average of 5.8 times local yearly earnings.

Suren Thiru, Lloyds TSB housing economist said: “It is encouraging that the number of towns across England and Wales seeing a rise in home sales has increased significantly over the past year.

“This highlights the very mixed state of the housing market at a local level compared with the rather subdued picture at a national level.

“Many of the top-performing towns are in areas where improved levels of affordability over recent years have helped support demand for those able to enter the housing market.”

Calderdale Council’s Head of Housing and Environment, Mark Thompson, said: “The excellent transport links between Brighouse and the cities of Leeds and Manchester, together with the relative affordability of housing, make the town an attractive housing choice.”

 

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