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Two Essex towns named in top 10 UK property hotspots

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Two Essex towns have been named among Britain's best new property hotspots, according to recent research by Lloyds.

Wickford and Clacton-on-Sea were listed in positions nine and ten respectively in a top ten run-down of the UK's most prominent property markets.

They are accompanied by other less obvious towns such as Daventry and Selby, Corby and Margate.

The study was based on Land Registry data for England and Wales, highlighting places where house sales are booming, with the research comparing house sales in the first ten months of 2014 compared with the previous year.

Andy Hulme, mortgages director at Lloyds Bank, said: "'Low interest rates, improvements in the UK economy and Government schemes, such as Help to Buy, all appear to have contributed to the rise in home sales."

Here are the hotspots where sales are booming the most:

1. Daventry, East Midlands – 56%

2. Alfreton, East Midlands – 53%

3. Pudsey, Yorkshire and the Humber – 51%

4. Sutton-in-Ashfield, East Midlands – 50%

5. Selby, Yorkshire and the Humber – 48%

6. Corby, East Midlands – 47%

7. Margate, South East – 46%

8. Slough, South East – 45%

9. Wickford, South East – 44%

10. Clacton-on-Sea, South East – 44%

Two Essex towns named in top 10 UK property hotspots


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