Most active property price market thresholds revealed

An analysis of Land Registry figures has shown just how influential the Stamp Duty holiday was in stimulating demand at different property price points.

HMLR figures show that across England and Wales as a whole, an estimated 355,827 sales have completed so far this year.

43% of these sales have completed for a price within the £250,000 price threshold, the price at which the final extension of the stamp duty holiday saw home buyers pay no stamp duty up until the end of September.

A further 40% of all homes sold so far this year have done so between the £250,001 and £500,000 price threshold.

Just 11% have sold for between £501,001 and £750,000, while the £750,001+ price threshold accounts for just 6% of all transactions.

When analysing the market at county level, the £250,000 price threshold was the most active area of the market across 44 counties, with a further 25 seeing the most sales complete between £250,0001 and £500,000.

Interestingly, no county saw the most market activity between £500,001 and £750,000, while just the City of London was home to the most active market at the £750,000+ price threshold.

The research was conducted Barrows and Forrester and looked at property market transactions across every county of England and Wales since the start of the year, specifically focusing on which property price thresholds had been the most active.

Managing Director of Barrows and Forrester, James Forrester, commented:

“While there is always likely to be a larger number of sales at lower price threshold simply due to the affordability of property, It’s clear that the stamp duty holiday has been hugely influential and has shaped the face of the market during the pandemic.”

“We’ve seen the largest levels of market activity fall within the price bracket at which there remained a saving for the most prolonged period and in many areas, the gap in activity at this level of the market and the rest has been vast.”

Table shows what percentage of transactions so far in 2021 completed at each price threshold
Location Up to £250,000 £250,001 to £500,000 £500,001-£750,000
England and Wales 43% 40% 11%
England 42% 40% 12%
Wales 71% 25% 3%
Data sourced from the Land Registry Price Paid Records – All residential sales excluding those listed by property type as ‘other’ – Jan to Aug 2021 (latest available)

 

Table shows what percentage of transactions so far in 2021 have completed at each price threshold in each county of England and Wales
County up to £250,000 % £250,001 to £500,000 % £500,001-£750,000 % £750,001 plus % Total trans Bracket with most trans
Bedfordshire 27% 61% 9% 3% 4,407 £250,001 to £500,000
Berkshire 11% 58% 21% 10% 5,809 £250,001 to £500,000
Blaenau Gwent 96% 4% 0% 0% 341 Up to £250,000
Bridgend 77% 21% 2% 0% 901 Up to £250,000
Buckinghamshire 16% 51% 20% 13% 5,542 £250,001 to £500,000
Caerphilly 86% 13% 1% 0% 857 Up to £250,000
Cambridgeshire 36% 49% 11% 4% 5,324 £250,001 to £500,000
Cardiff 53% 40% 6% 1% 1,746 Up to £250,000
Carmarthenshire 78% 21% 1% 0% 1,063 Up to £250,000
Ceredigion 64% 34% 2% 1% 426 Up to £250,000
Cheshire 54% 35% 7% 4% 7,348 Up to £250,000
City of Bristol 25% 58% 12% 5% 2,994 £250,001 to £500,000
City of London 0% 12% 37% 51% 57 £750,001 plus
Conwy 71% 27% 2% 0% 783 Up to £250,000
Cornwall 44% 44% 8% 4% 4,247 £250,001 to £500,000
County Durham 85% 14% 1% 0% 5,213 Up to £250,000
Cumbria 70% 25% 4% 1% 3,598 Up to £250,000
Denbighshire 75% 23% 2% 0% 557 Up to £250,000
Derbyshire 69% 26% 4% 1% 6,360 Up to £250,000
Devon 47% 42% 8% 3% 9,310 Up to £250,000
Dorset 26% 54% 14% 6% 6,655 £250,001 to £500,000
East Riding of Yorkshire 74% 23% 3% 1% 3,598 Up to £250,000
East Sussex 20% 55% 16% 8% 7,032 £250,001 to £500,000
Essex 21% 59% 14% 6% 13,648 £250,001 to £500,000
Flintshire 77% 21% 2% 0% 809 Up to £250,000
Gloucestershire 36% 50% 10% 4% 6,611 £250,001 to £500,000
Greater London 5% 44% 29% 22% 40,061 £250,001 to £500,000
Greater Manchester 66% 29% 4% 2% 15,006 Up to £250,000
Gwynedd 74% 24% 2% 1% 777 Up to £250,000
Hampshire 28% 52% 14% 6% 13,161 £250,001 to £500,000
Herefordshire 44% 46% 8% 2% 1,264 £250,001 to £500,000
Hertfordshire 9% 53% 23% 14% 8,170 £250,001 to £500,000
Isle of Anglesey 67% 29% 3% 1% 462 Up to £250,000
Isle of Wight 48% 42% 7% 3% 1,276 Up to £250,000
Kent 26% 56% 12% 5% 13,792 £250,001 to £500,000
Lancashire 78% 19% 2% 1% 9,081 Up to £250,000
Leicestershire 55% 38% 6% 1% 5,750 Up to £250,000
Lincolnshire 70% 27% 3% 1% 7,241 Up to £250,000
Merseyside 75% 22% 3% 1% 7,265 Up to £250,000
Merthyr Tydfil 88% 11% 0% 0% 228 Up to £250,000
Monmouthshire 33% 54% 10% 2% 575 £250,001 to £500,000
Neath Port Talbot 90% 10% 0% 0% 756 Up to £250,000
Newport 70% 28% 2% 1% 799 Up to £250,000
Norfolk 48% 43% 7% 2% 6,824 Up to £250,000
North Yorkshire 59% 31% 7% 3% 8,109 Up to £250,000
Northamptonshire 44% 46% 9% 1% 626 £250,001 to £500,000
Northumberland 69% 24% 5% 2% 1,923 Up to £250,000
Nottinghamshire 67% 29% 4% 1% 6,552 Up to £250,000
Oxfordshire 14% 57% 18% 10% 4,633 £250,001 to £500,000
Pembrokeshire 68% 27% 4% 1% 754 Up to £250,000
Powys 64% 33% 3% 1% 732 Up to £250,000
Rhondda Cynon Taff 88% 12% 1% 0% 1,268 Up to £250,000
Rutland 30% 44% 16% 10% 289 £250,001 to £500,000
Shropshire 56% 36% 7% 1% 3,103 Up to £250,000
Somerset 38% 48% 10% 4% 7,276 £250,001 to £500,000
South Yorkshire 77% 20% 2% 1% 7,140 Up to £250,000
Staffordshire 67% 28% 4% 1% 6,410 Up to £250,000
Suffolk 42% 46% 9% 3% 5,233 £250,001 to £500,000
Surrey 7% 46% 27% 20% 9,378 £250,001 to £500,000
Swansea 72% 24% 3% 1% 1,227 Up to £250,000
The Vale of Glamorgan 48% 38% 9% 4% 789 Up to £250,000
Torfaen 80% 19% 1% 0% 452 Up to £250,000
Tyne and Wear 79% 19% 2% 0% 5,569 Up to £250,000
Warwickshire 42% 45% 9% 4% 4,037 £250,001 to £500,000
West Midlands 66% 28% 5% 1% 12,528 Up to £250,000
West Sussex 16% 59% 17% 8% 7,084 £250,001 to £500,000
West Yorkshire 72% 24% 3% 1% 13,344 Up to £250,000
Wiltshire 41% 47% 9% 4% 5,068 £250,001 to £500,000
Worcestershire 45% 44% 8% 2% 3,916 Up to £250,000
Wrexham 78% 20% 2% 0% 663 Up to £250,000
Data sourced from the Land Registry Price Paid Records – All residential sales excluding those listed by property type as ‘other’ – Jan to Aug 2021 (latest available)
Today's Conveyancer
X