Bristol has the busiest property market in the country, according to official figures.
Statistics from the Land Registry, the official organisation for collecting information on the number of house sales, have revealed that the city has the highest proportion of transactions in the UK, reports the Bristol Evening Post.
A total of 474,330 homes were sold in the first nine months of the year. And if the trends stay on course, total sales for 2010 are likely to finish at 630,000 when they are announced by the Land Registry in February, predicts the Evening Post.
Last year the total number of sales for the whole of the country came to 614,106.
The figures make for encouraging reading for a market which saw two consecutive drops in transactions for the previous two years.
And according to the figures Bristol had the most active housing market of any of the UK’s largest 10 cities, with one in every 40 properties sold.
The busy market in the city saw it second only to London in terms of total sales and ahead of larger cities such as Manchester, Leeds and Sheffield. Birmingham, the UK’s second largest city, came in fourth place with just one in every 61 houses sold.
Around three quarters of the properties in the city sold for more than £250,000 making it one of the more expensive places to live in the country.
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