In a recent survey, the historic town of Pontefract has placed 2nd for the number of house sales completed in towns across England and Wales compared to 2014 stats. With an increase of 20%, Pontefract fell just short of the top spot with Salford topping the list with a 23% increase. With an 8% decrease in overall sales throughout England and Wales, southern towns took the biggest hit with percentage decreases ranging from 26% to 30% with 7 towns in the bottom 10.
Craig McKinlay, a mortgage director at Halifax, said: “While sales have declined in all regions, there is a clear North versus South pattern with sales falling most in Southern regions. An acute shortage of properties for sales has also added to the constraints on activity. Nonetheless, there remains substantial local variations in housing activity with a small number of towns recording significant increases. These towns are largely in the North and are where prices are relatively low.”
With fantastic transport links getting commuters to cities like Leeds in under 40 minutes and direct trains to London from Doncaster in around 90 minutes, it is no surprise that more and more families and investors alike are flocking to buy property in and around the Pontefract area. The Xscape complex and Junction 32 outlet village just 5 minutes’ drive away there are lots of things to do in the area, as well as hosting the longest continuous flat horse racing circuit in Europe. In recent times, Lateral Property Group were granted planning permission for the £135m Five Towns Park scheme by Wakefield Council which includes a new 10,000 capacity stadium for Castleford Tigers, a 50-acre country park, new shops and restaurants.
With even more developers looking to further increase the amount of houses in the area, don’t be surprised to see this trend continue throughout 2016 and cement Pontefract on the UK property map.