A rural county in Wales was the local authority that saw the biggest percentage increase in property applications to the Land Registry last year, data from law firm Taylor Rose has found.
Powys saw a 25.2% increase in applications as the volume of property purchases rocketed in the region, from 9,580 to 11,995.
Powys was followed by Bedford (+17.3%), Hounslow in West London (+11.2%) and Oadby and Wigston in Leicestershire (+11.1%).
Ruben Perin, commercial director, residential property law at Taylor Rose, said: “The positive performance, reflected in the recent data, underscores how both rural and urban markets are attracting motivated buyers and driving robust property activity.
“Despite market challenges, regions like Powys, Bedford and other standout areas such as Hounslow are proving that pockets of opportunity remain vibrant.
“This surge, along with significant increases in other regions, signals strong buyer confidence and highlights clear opportunities, as the housing market continues to grow despite broader economic challenges.
“With the government moving ahead with its Planning and Infrastructure Bill, it will be interesting to see how councils can react to this and which will see an increase in Land Registry applications over the next year.”
Central London fared well, with the City of London coming in fifth, with a 9.2% increase in applications, and the City of Westminster in eighth place, with a 6.4% rise.
Overall, the volume of applications went down by 3.4% from 4.3 million to 4.2 million, owing to higher mortgage rates and economic uncertainty.
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