Pontefract had the second highest property sales in 2020
It’s been well reported that 2020 saw a record year for property prices, with the average price increasing by more than £16,000 compared to the previous year.
Despite early reports predicting coronavirus would crash the housing market, it did quite the opposite. By October, mortgage approvals had hit a 13-year high and November saw 124,800 transactions completed, 18,000 more than the five-year average.
Specialist mortgage platform Haysto analysed the latest government data to see which towns saw the highest and lowest rate of property purchases in 2020 and which areas saw the biggest increase/decrease compared to 2019.
Pontefract was in second place, with over 328 property sales per capita, after Huntingdon with 403.
Despite this it was revealed overall that sold prices in Pontefract over the past year were down three percent.