{"id":1627,"date":"2024-05-30T09:48:57","date_gmt":"2024-05-30T08:48:57","guid":{"rendered":"https:\/\/www.benhams.com\/press-release\/?p=1627"},"modified":"2025-01-21T10:27:55","modified_gmt":"2025-01-21T10:27:55","slug":"two-prime-london-markets-driving-second-home-market-activity-as-hotspots-revealed","status":"publish","type":"post","link":"https:\/\/www.benhams.com\/press-release\/london-property-market\/two-prime-london-markets-driving-second-home-market-activity-as-hotspots-revealed\/","title":{"rendered":"Two prime London markets driving second home market activity, as hotspots revealed"},"content":{"rendered":"

\"TwoThe latest research from London lettings and estate agent, Benham and Reeves, has shown that while second home purchases account for 23% of total market activity across England, this climbs to as high as 49% in the nation\u2019s second home hotspots.<\/p>\n

Benham and Reeves analysed the latest Gov figures* on stamp duty receipts for residential purchases, looking at the market split between those received via primary property purchases versus those that came via purchases paying the higher rate.<\/p>\n

The higher rate of stamp duty is applied to purchases of additional dwellings such as second homes or buy-to-let purchases.<\/p>\n

The figures show that annually (2022\/23), the government registered just over one million residential transactions via stamp duty receipts. 233,800 of these came via second home purchases, meaning that these additional purchases accounted for 23% of total market activity.<\/p>\n

Regionally, the North East saw the largest level of second home buyer activity, with 27% of all stamp duty receipts received being attributed to second home purchases. London and the North West ranked second (27%), while the South West was home to the lowest proportion of second home purchases at 19%.<\/p>\n

At local authority level, the prime London markets of Westminster and Kensington and Chelsea top the table. Across Westminster, 49% of all residential purchases were for second homes, while in Kensington and Chelsea they accounted for 46% of total market activity.<\/p>\n

Camden also makes the top 10 where 36% of all homes purchased annually were second homes.<\/p>\n

However, while these are likely to be largely attributed to high-end homebuyers, particularly foreign buyers, it\u2019s the buy-to-let market that is largely driving second home market activity elsewhere across the nation.<\/p>\n

In Liverpool, 40% of all residential purchases in 2022\/23 were second homes, with Burnley (36%), Middlesbrough (36%), Manchester (36%), Slough (35%), Enfield (35%) and Nottingham (35%) also making the top 10.<\/p>\n

Director of Benham and Reeves, Marc von Grundherr, commented:<\/strong><\/p>\n

\u201cDespite the government\u2019s best efforts to deter second home purchases, particularly by buy-to-let investors, we\u2019re still seeing a high proportion of market activity come as a result of second home buyers.<\/p>\n

While this is no doubt due to high-end buyers across the prime London market, other areas are more likely to have been driven by landlords who continue to see the rental market as a profitable one, even if their margins have been dampened in recent years.\u201d<\/p>\n

\n<\/p>\n\n\n Nation and Regions – Stamp Duty Land Tax (SDLT) transactions & receipts 2022-23<\/th>\n<\/tr>\n\nRegion\/Local Authority<\/th>\nResidential transactions n<\/th>\nHRAD transactions n<\/th>\nHRAD as proportion of Residential transactions %<\/th>\n<\/tr>\n\nNorth East<\/td>\n52,100<\/td>\n14,100<\/td>\n27%<\/td>\n<\/tr>\n\nLondon<\/td>\n132,200<\/td>\n34,200<\/td>\n26%<\/td>\n<\/tr>\n\nNorth West<\/td>\n139,900<\/td>\n36,100<\/td>\n26%<\/td>\n<\/tr>\n\nYorkshire and Humberside<\/td>\n102,100<\/td>\n24,300<\/td>\n24%<\/td>\n<\/tr>\n\nWest Midlands<\/td>\n99,800<\/td>\n22,700<\/td>\n23%<\/td>\n<\/tr>\n\nEast Midlands<\/td>\n95,100<\/td>\n20,100<\/td>\n21%<\/td>\n<\/tr>\n\nSouth West<\/td>\n115,800<\/td>\n24,400<\/td>\n21%<\/td>\n<\/tr>\n\nEast of England<\/td>\n121,200<\/td>\n23,700<\/td>\n20%<\/td>\n<\/tr>\n\nSouth East<\/td>\n180,300<\/td>\n34,000<\/td>\n19%<\/td>\n<\/tr>\n\nEngland<\/strong><\/td>\n1,038,400<\/strong><\/td>\n233,800<\/strong><\/td>\n23%<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n<\/p>\n\n\n Local Authorities – Stamp Duty Land Tax (SDLT) transactions & receipts 2022-23<\/th>\n<\/tr>\n\nRegion\/Local Authority<\/th>\nResidential transactions n<\/th>\nHRAD transactions n<\/th>\nHRAD as proportion of Residential transactions %<\/th>\n<\/tr>\n\nWestminster<\/td>\n4,300<\/td>\n2,100<\/td>\n49%<\/td>\n<\/tr>\n\nKensington and Chelsea<\/td>\n2,800<\/td>\n1,300<\/td>\n46%<\/td>\n<\/tr>\n\nLiverpool<\/td>\n8,200<\/td>\n3,300<\/td>\n40%<\/td>\n<\/tr>\n\nBurnley<\/td>\n2,200<\/td>\n800<\/td>\n36%<\/td>\n<\/tr>\n\nMiddlesbrough<\/td>\n2,800<\/td>\n1,000<\/td>\n36%<\/td>\n<\/tr>\n\nManchester<\/td>\n8,400<\/td>\n3,000<\/td>\n36%<\/td>\n<\/tr>\n\nCamden<\/td>\n2,800<\/td>\n1,000<\/td>\n36%<\/td>\n<\/tr>\n\nSlough<\/td>\n1,700<\/td>\n600<\/td>\n35%<\/td>\n<\/tr>\n\nEnfield<\/td>\n4,000<\/td>\n1,400<\/td>\n35%<\/td>\n<\/tr>\n\nNottingham<\/td>\n4,900<\/td>\n1,700<\/td>\n35%<\/td>\n<\/tr>\n\nHarrow<\/td>\n2,900<\/td>\n1,000<\/td>\n34%<\/td>\n<\/tr>\n\nBlackpool<\/td>\n3,300<\/td>\n1,100<\/td>\n33%<\/td>\n<\/tr>\n\nSalford<\/td>\n5,400<\/td>\n1,800<\/td>\n33%<\/td>\n<\/tr>\n\nScarborough<\/td>\n2,700<\/td>\n900<\/td>\n33%<\/td>\n<\/tr>\n\nNorth Norfolk<\/td>\n2,100<\/td>\n700<\/td>\n33%<\/td>\n<\/tr>\n\nCity of London<\/td>\n300<\/td>\n100<\/td>\n33%<\/td>\n<\/tr>\n\nRedbridge<\/td>\n3,300<\/td>\n1,100<\/td>\n33%<\/td>\n<\/tr>\n\nBrent<\/td>\n3,700<\/td>\n1,200<\/td>\n32%<\/td>\n<\/tr>\n\nLincoln<\/td>\n1,900<\/td>\n600<\/td>\n32%<\/td>\n<\/tr>\n\nHounslow<\/td>\n3,800<\/td>\n1,200<\/td>\n32%<\/td>\n<\/tr>\n\nBirmingham<\/td>\n14,900<\/td>\n4,700<\/td>\n32%<\/td>\n<\/tr>\n\nHyndburn<\/td>\n1,600<\/td>\n500<\/td>\n31%<\/td>\n<\/tr>\n\nStoke-on-Trent<\/td>\n4,800<\/td>\n1,500<\/td>\n31%<\/td>\n<\/tr>\n\nCoventry<\/td>\n5,500<\/td>\n1,700<\/td>\n31%<\/td>\n<\/tr>\n\nSouth Lakeland<\/td>\n2,300<\/td>\n700<\/td>\n30%<\/td>\n<\/tr>\n\nKingston upon Hull, City of<\/td>\n4,600<\/td>\n1,400<\/td>\n30%<\/td>\n<\/tr>\n\nWolverhampton<\/td>\n3,300<\/td>\n1,000<\/td>\n30%<\/td>\n<\/tr>\n\nHammersmith and Fulham<\/td>\n3,300<\/td>\n1,000<\/td>\n30%<\/td>\n<\/tr>\n\nCounty Durham<\/td>\n10,900<\/td>\n3,300<\/td>\n30%<\/td>\n<\/tr>\n\nLeicester<\/td>\n4,000<\/td>\n1,200<\/td>\n30%<\/td>\n<\/tr>\n\nCambridge<\/td>\n2,000<\/td>\n600<\/td>\n30%<\/td>\n<\/tr>\n\nOxford<\/td>\n2,000<\/td>\n600<\/td>\n30%<\/td>\n<\/tr>\n\nNorwich<\/td>\n2,700<\/td>\n800<\/td>\n30%<\/td>\n<\/tr>\n\nNorth East Lincolnshire<\/td>\n3,400<\/td>\n1,000<\/td>\n29%<\/td>\n<\/tr>\n\nBarnet<\/td>\n5,800<\/td>\n1,700<\/td>\n29%<\/td>\n<\/tr>\n\nDarlington<\/td>\n2,400<\/td>\n700<\/td>\n29%<\/td>\n<\/tr>\n\nIsle of Wight<\/td>\n3,100<\/td>\n900<\/td>\n29%<\/td>\n<\/tr>\n\nHartlepool<\/td>\n2,100<\/td>\n600<\/td>\n29%<\/td>\n<\/tr>\n\nOldham<\/td>\n3,500<\/td>\n1,000<\/td>\n29%<\/td>\n<\/tr>\n\nPreston<\/td>\n3,500<\/td>\n1,000<\/td>\n29%<\/td>\n<\/tr>\n\nDerbyshire Dales<\/td>\n1,400<\/td>\n400<\/td>\n29%<\/td>\n<\/tr>\n\nPortsmouth<\/td>\n3,500<\/td>\n1,000<\/td>\n29%<\/td>\n<\/tr>\n\nSouth Hams<\/td>\n2,100<\/td>\n600<\/td>\n29%<\/td>\n<\/tr>\n\nTorbay<\/td>\n2,800<\/td>\n800<\/td>\n29%<\/td>\n<\/tr>\n\nRedcar and Cleveland<\/td>\n2,500<\/td>\n700<\/td>\n28%<\/td>\n<\/tr>\n\nBolton<\/td>\n5,000<\/td>\n1,400<\/td>\n28%<\/td>\n<\/tr>\n\nDerby<\/td>\n4,300<\/td>\n1,200<\/td>\n28%<\/td>\n<\/tr>\n\nPendle<\/td>\n1,800<\/td>\n500<\/td>\n28%<\/td>\n<\/tr>\n\nTower Hamlets<\/td>\n5,400<\/td>\n1,500<\/td>\n28%<\/td>\n<\/tr>\n\nHastings<\/td>\n1,800<\/td>\n500<\/td>\n28%<\/td>\n<\/tr>\n\nCotswold<\/td>\n1,800<\/td>\n500<\/td>\n28%<\/td>\n<\/tr>\n\nLuton<\/td>\n2,900<\/td>\n800<\/td>\n28%<\/td>\n<\/tr>\n\nCornwall (incl Isles of Scilly)<\/td>\n11,700<\/td>\n3,200<\/td>\n27%<\/td>\n<\/tr>\n\nMansfield<\/td>\n2,200<\/td>\n600<\/td>\n27%<\/td>\n<\/tr>\n\nOadby and Wigston<\/td>\n1,100<\/td>\n300<\/td>\n27%<\/td>\n<\/tr>\n\nEastbourne<\/td>\n2,200<\/td>\n600<\/td>\n27%<\/td>\n<\/tr>\n\nWalsall<\/td>\n3,700<\/td>\n1,000<\/td>\n27%<\/td>\n<\/tr>\n\nDoncaster<\/td>\n6,300<\/td>\n1,700<\/td>\n27%<\/td>\n<\/tr>\n\nBlackburn with Darwen<\/td>\n2,600<\/td>\n700<\/td>\n27%<\/td>\n<\/tr>\n\nBarking and Dagenham<\/td>\n2,600<\/td>\n700<\/td>\n27%<\/td>\n<\/tr>\n\nSandwell<\/td>\n4,100<\/td>\n1,100<\/td>\n27%<\/td>\n<\/tr>\n\nBarrow-in-Furness<\/td>\n1,500<\/td>\n400<\/td>\n27%<\/td>\n<\/tr>\n\nHertsmere<\/td>\n1,500<\/td>\n400<\/td>\n27%<\/td>\n<\/tr>\n\nKing’s Lynn and West Norfolk<\/td>\n3,000<\/td>\n800<\/td>\n27%<\/td>\n<\/tr>\n\nThanet<\/td>\n3,000<\/td>\n800<\/td>\n27%<\/td>\n<\/tr>\n\nSunderland<\/td>\n4,900<\/td>\n1,300<\/td>\n27%<\/td>\n<\/tr>\n\nEaling<\/td>\n5,300<\/td>\n1,400<\/td>\n26%<\/td>\n<\/tr>\n\nHalton<\/td>\n1,900<\/td>\n500<\/td>\n26%<\/td>\n<\/tr>\n\nCalderdale<\/td>\n3,800<\/td>\n1,000<\/td>\n26%<\/td>\n<\/tr>\n\nPeterborough<\/td>\n3,800<\/td>\n1,000<\/td>\n26%<\/td>\n<\/tr>\n\nWatford<\/td>\n1,900<\/td>\n500<\/td>\n26%<\/td>\n<\/tr>\n\nNewcastle upon Tyne<\/td>\n5,400<\/td>\n1,400<\/td>\n26%<\/td>\n<\/tr>\n\nLancaster<\/td>\n2,700<\/td>\n700<\/td>\n26%<\/td>\n<\/tr>\n\nBradford<\/td>\n8,500<\/td>\n2,200<\/td>\n26%<\/td>\n<\/tr>\n\nStockton-on-Tees<\/td>\n3,900<\/td>\n1,000<\/td>\n26%<\/td>\n<\/tr>\n\nBournemouth, Christchurch and Poole<\/td>\n8,200<\/td>\n2,100<\/td>\n26%<\/td>\n<\/tr>\n\nHillingdon<\/td>\n4,300<\/td>\n1,100<\/td>\n26%<\/td>\n<\/tr>\n\nSefton<\/td>\n5,100<\/td>\n1,300<\/td>\n25%<\/td>\n<\/tr>\n\nBarnsley<\/td>\n5,100<\/td>\n1,300<\/td>\n25%<\/td>\n<\/tr>\n\nBrighton and Hove<\/td>\n5,500<\/td>\n1,400<\/td>\n25%<\/td>\n<\/tr>\n\nGateshead<\/td>\n3,600<\/td>\n900<\/td>\n25%<\/td>\n<\/tr>\n\nNorthumberland<\/td>\n7,200<\/td>\n1,800<\/td>\n25%<\/td>\n<\/tr>\n\nSouth Tyneside<\/td>\n2,400<\/td>\n600<\/td>\n25%<\/td>\n<\/tr>\n\nTameside<\/td>\n4,000<\/td>\n1,000<\/td>\n25%<\/td>\n<\/tr>\n\nTrafford<\/td>\n4,000<\/td>\n1,000<\/td>\n25%<\/td>\n<\/tr>\n\nCraven<\/td>\n1,200<\/td>\n300<\/td>\n25%<\/td>\n<\/tr>\n\nRichmondshire<\/td>\n800<\/td>\n200<\/td>\n25%<\/td>\n<\/tr>\n\nGreat Yarmouth<\/td>\n2,000<\/td>\n500<\/td>\n25%<\/td>\n<\/tr>\n\nIpswich<\/td>\n2,400<\/td>\n600<\/td>\n25%<\/td>\n<\/tr>\n\nReading<\/td>\n3,200<\/td>\n800<\/td>\n25%<\/td>\n<\/tr>\n\nSouthampton<\/td>\n4,000<\/td>\n1,000<\/td>\n25%<\/td>\n<\/tr>\n\nCheltenham<\/td>\n2,400<\/td>\n600<\/td>\n25%<\/td>\n<\/tr>\n\nExeter<\/td>\n2,400<\/td>\n600<\/td>\n25%<\/td>\n<\/tr>\n\nNorth Devon<\/td>\n2,000<\/td>\n500<\/td>\n25%<\/td>\n<\/tr>\n\nSheffield<\/td>\n8,900<\/td>\n2,200<\/td>\n25%<\/td>\n<\/tr>\n\nLeeds<\/td>\n13,900<\/td>\n3,400<\/td>\n24%<\/td>\n<\/tr>\n\nRochdale<\/td>\n3,700<\/td>\n900<\/td>\n24%<\/td>\n<\/tr>\n\nTelford and Wrekin<\/td>\n3,700<\/td>\n900<\/td>\n24%<\/td>\n<\/tr>\n\nSouthend-on-Sea<\/td>\n3,700<\/td>\n900<\/td>\n24%<\/td>\n<\/tr>\n\nWest Suffolk<\/td>\n3,700<\/td>\n900<\/td>\n24%<\/td>\n<\/tr>\n\nIslington<\/td>\n2,900<\/td>\n700<\/td>\n24%<\/td>\n<\/tr>\n\nKingston upon Thames<\/td>\n2,900<\/td>\n700<\/td>\n24%<\/td>\n<\/tr>\n\nCarlisle<\/td>\n2,500<\/td>\n600<\/td>\n24%<\/td>\n<\/tr>\n\nDartford<\/td>\n2,500<\/td>\n600<\/td>\n24%<\/td>\n<\/tr>\n\nSouthwark<\/td>\n4,200<\/td>\n1,000<\/td>\n24%<\/td>\n<\/tr>\n\nBury<\/td>\n3,400<\/td>\n800<\/td>\n24%<\/td>\n<\/tr>\n\nWigan<\/td>\n6,800<\/td>\n1,600<\/td>\n24%<\/td>\n<\/tr>\n\nBroxbourne<\/td>\n1,700<\/td>\n400<\/td>\n24%<\/td>\n<\/tr>\n\nWelwyn Hatfield<\/td>\n1,700<\/td>\n400<\/td>\n24%<\/td>\n<\/tr>\n\nRichmond upon Thames<\/td>\n3,400<\/td>\n800<\/td>\n24%<\/td>\n<\/tr>\n\nCanterbury<\/td>\n3,000<\/td>\n700<\/td>\n23%<\/td>\n<\/tr>\n\nWandsworth<\/td>\n7,300<\/td>\n1,700<\/td>\n23%<\/td>\n<\/tr>\n\nEden<\/td>\n1,300<\/td>\n300<\/td>\n23%<\/td>\n<\/tr>\n\nKnowsley<\/td>\n2,600<\/td>\n600<\/td>\n23%<\/td>\n<\/tr>\n\nWyre<\/td>\n2,600<\/td>\n600<\/td>\n23%<\/td>\n<\/tr>\n\nYork<\/td>\n3,900<\/td>\n900<\/td>\n23%<\/td>\n<\/tr>\n\nBoston<\/td>\n1,300<\/td>\n300<\/td>\n23%<\/td>\n<\/tr>\n\nGloucester<\/td>\n2,600<\/td>\n600<\/td>\n23%<\/td>\n<\/tr>\n\nMerton<\/td>\n3,500<\/td>\n800<\/td>\n23%<\/td>\n<\/tr>\n\nSutton<\/td>\n3,500<\/td>\n800<\/td>\n23%<\/td>\n<\/tr>\n\nBath and North East Somerset<\/td>\n3,500<\/td>\n800<\/td>\n23%<\/td>\n<\/tr>\n\nChorley<\/td>\n2,200<\/td>\n500<\/td>\n23%<\/td>\n<\/tr>\n\nFylde<\/td>\n2,200<\/td>\n500<\/td>\n23%<\/td>\n<\/tr>\n\nEpping Forest<\/td>\n2,200<\/td>\n500<\/td>\n23%<\/td>\n<\/tr>\n\nGreenwich<\/td>\n4,400<\/td>\n1,000<\/td>\n23%<\/td>\n<\/tr>\n\nSt. Helens<\/td>\n3,100<\/td>\n700<\/td>\n23%<\/td>\n<\/tr>\n\nNorth Tyneside<\/td>\n4,000<\/td>\n900<\/td>\n23%<\/td>\n<\/tr>\n\nWarrington<\/td>\n4,000<\/td>\n900<\/td>\n23%<\/td>\n<\/tr>\n\nNewham<\/td>\n4,000<\/td>\n900<\/td>\n23%<\/td>\n<\/tr>\n\nPlymouth<\/td>\n4,900<\/td>\n1,100<\/td>\n22%<\/td>\n<\/tr>\n\nAllerdale<\/td>\n1,800<\/td>\n400<\/td>\n22%<\/td>\n<\/tr>\n\nKirklees<\/td>\n7,200<\/td>\n1,600<\/td>\n22%<\/td>\n<\/tr>\n\nBassetlaw<\/td>\n2,700<\/td>\n600<\/td>\n22%<\/td>\n<\/tr>\n\nSt Albans<\/td>\n2,700<\/td>\n600<\/td>\n22%<\/td>\n<\/tr>\n\nCroydon<\/td>\n6,300<\/td>\n1,400<\/td>\n22%<\/td>\n<\/tr>\n\nHavering<\/td>\n4,500<\/td>\n1,000<\/td>\n22%<\/td>\n<\/tr>\n\nChichester<\/td>\n2,700<\/td>\n600<\/td>\n22%<\/td>\n<\/tr>\n\nGravesham<\/td>\n1,800<\/td>\n400<\/td>\n22%<\/td>\n<\/tr>\n\nRunnymede<\/td>\n1,800<\/td>\n400<\/td>\n22%<\/td>\n<\/tr>\n\nWirral<\/td>\n5,900<\/td>\n1,300<\/td>\n22%<\/td>\n<\/tr>\n\nEast Suffolk<\/td>\n5,000<\/td>\n1,100<\/td>\n22%<\/td>\n<\/tr>\n\nMedway<\/td>\n5,000<\/td>\n1,100<\/td>\n22%<\/td>\n<\/tr>\n\nCharnwood<\/td>\n3,200<\/td>\n700<\/td>\n22%<\/td>\n<\/tr>\n\nHackney<\/td>\n3,200<\/td>\n700<\/td>\n22%<\/td>\n<\/tr>\n\nRotherham<\/td>\n4,600<\/td>\n1,000<\/td>\n22%<\/td>\n<\/tr>\n\nWest Lindsey<\/td>\n2,300<\/td>\n500<\/td>\n22%<\/td>\n<\/tr>\n\nNewcastle-under-Lyme<\/td>\n2,300<\/td>\n500<\/td>\n22%<\/td>\n<\/tr>\n\nFolkestone and Hythe<\/td>\n2,300<\/td>\n500<\/td>\n22%<\/td>\n<\/tr>\n\nHaringey<\/td>\n3,700<\/td>\n800<\/td>\n22%<\/td>\n<\/tr>\n\nCopeland<\/td>\n1,400<\/td>\n300<\/td>\n21%<\/td>\n<\/tr>\n\nRossendale<\/td>\n1,400<\/td>\n300<\/td>\n21%<\/td>\n<\/tr>\n\nEast Staffordshire<\/td>\n2,800<\/td>\n600<\/td>\n21%<\/td>\n<\/tr>\n\nSolihull<\/td>\n4,200<\/td>\n900<\/td>\n21%<\/td>\n<\/tr>\n\nThree Rivers<\/td>\n1,400<\/td>\n300<\/td>\n21%<\/td>\n<\/tr>\n\nThurrock<\/td>\n2,800<\/td>\n600<\/td>\n21%<\/td>\n<\/tr>\n\nElmbridge<\/td>\n2,800<\/td>\n600<\/td>\n21%<\/td>\n<\/tr>\n\nGosport<\/td>\n1,400<\/td>\n300<\/td>\n21%<\/td>\n<\/tr>\n\nWindsor and Maidenhead<\/td>\n2,800<\/td>\n600<\/td>\n21%<\/td>\n<\/tr>\n\nTorridge<\/td>\n1,400<\/td>\n300<\/td>\n21%<\/td>\n<\/tr>\n\nNorth Lincolnshire<\/td>\n3,300<\/td>\n700<\/td>\n21%<\/td>\n<\/tr>\n\nLambeth<\/td>\n5,200<\/td>\n1,100<\/td>\n21%<\/td>\n<\/tr>\n\nBolsover<\/td>\n1,900<\/td>\n400<\/td>\n21%<\/td>\n<\/tr>\n\nColchester<\/td>\n3,800<\/td>\n800<\/td>\n21%<\/td>\n<\/tr>\n\nTendring<\/td>\n3,800<\/td>\n800<\/td>\n21%<\/td>\n<\/tr>\n\nBromley<\/td>\n5,700<\/td>\n1,200<\/td>\n21%<\/td>\n<\/tr>\n\nAshfield<\/td>\n2,400<\/td>\n500<\/td>\n21%<\/td>\n<\/tr>\n\nRugby<\/td>\n2,400<\/td>\n500<\/td>\n21%<\/td>\n<\/tr>\n\nDover<\/td>\n2,400<\/td>\n500<\/td>\n21%<\/td>\n<\/tr>\n\nWakefield<\/td>\n6,800<\/td>\n1,400<\/td>\n21%<\/td>\n<\/tr>\n\nCheshire East<\/td>\n9,400<\/td>\n1,900<\/td>\n20%<\/td>\n<\/tr>\n\nBroxtowe<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nChesterfield<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nEast Lindsey<\/td>\n3,000<\/td>\n600<\/td>\n20%<\/td>\n<\/tr>\n\nHigh Peak<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nNorth Northamptonshire<\/td>\n7,500<\/td>\n1,500<\/td>\n20%<\/td>\n<\/tr>\n\nWorcester<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nEpsom and Ewell<\/td>\n1,500<\/td>\n300<\/td>\n20%<\/td>\n<\/tr>\n\nSpelthorne<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nWoking<\/td>\n2,000<\/td>\n400<\/td>\n20%<\/td>\n<\/tr>\n\nBristol, City of<\/td>\n8,500<\/td>\n1,700<\/td>\n20%<\/td>\n<\/tr>\n\nDorset<\/td>\n8,000<\/td>\n1,600<\/td>\n20%<\/td>\n<\/tr>\n\nSedgemoor<\/td>\n2,500<\/td>\n500<\/td>\n20%<\/td>\n<\/tr>\n\nTeignbridge<\/td>\n3,000<\/td>\n600<\/td>\n20%<\/td>\n<\/tr>\n\nWest Northamptonshire<\/td>\n8,600<\/td>\n1,700<\/td>\n20%<\/td>\n<\/tr>\n\nEast Riding of Yorkshire<\/td>\n8,100<\/td>\n1,600<\/td>\n20%<\/td>\n<\/tr>\n\nBexley<\/td>\n4,100<\/td>\n800<\/td>\n20%<\/td>\n<\/tr>\n\nEast Devon<\/td>\n3,600<\/td>\n700<\/td>\n19%<\/td>\n<\/tr>\n\nSomerset West and Taunton<\/td>\n3,600<\/td>\n700<\/td>\n19%<\/td>\n<\/tr>\n\nSouth Kesteven<\/td>\n3,100<\/td>\n600<\/td>\n19%<\/td>\n<\/tr>\n\nShropshire<\/td>\n6,200<\/td>\n1,200<\/td>\n19%<\/td>\n<\/tr>\n\nWarwick<\/td>\n3,100<\/td>\n600<\/td>\n19%<\/td>\n<\/tr>\n\nMilton Keynes<\/td>\n6,200<\/td>\n1,200<\/td>\n19%<\/td>\n<\/tr>\n\nNew Forest<\/td>\n3,100<\/td>\n600<\/td>\n19%<\/td>\n<\/tr>\n\nGedling<\/td>\n2,600<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nStafford<\/td>\n2,600<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nTunbridge Wells<\/td>\n2,600<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nDudley<\/td>\n4,700<\/td>\n900<\/td>\n19%<\/td>\n<\/tr>\n\nSwindon<\/td>\n4,700<\/td>\n900<\/td>\n19%<\/td>\n<\/tr>\n\nErewash<\/td>\n2,100<\/td>\n400<\/td>\n19%<\/td>\n<\/tr>\n\nChelmsford<\/td>\n3,700<\/td>\n700<\/td>\n19%<\/td>\n<\/tr>\n\nStockport<\/td>\n5,300<\/td>\n1,000<\/td>\n19%<\/td>\n<\/tr>\n\nBromsgrove<\/td>\n1,600<\/td>\n300<\/td>\n19%<\/td>\n<\/tr>\n\nTamworth<\/td>\n1,600<\/td>\n300<\/td>\n19%<\/td>\n<\/tr>\n\nHarlow<\/td>\n1,600<\/td>\n300<\/td>\n19%<\/td>\n<\/tr>\n\nNewark and Sherwood<\/td>\n2,700<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nAshford<\/td>\n2,700<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nWaverley<\/td>\n2,700<\/td>\n500<\/td>\n19%<\/td>\n<\/tr>\n\nBuckinghamshire<\/td>\n10,300<\/td>\n1,900<\/td>\n18%<\/td>\n<\/tr>\n\nArun<\/td>\n3,800<\/td>\n700<\/td>\n18%<\/td>\n<\/tr>\n\nNorth Somerset<\/td>\n4,900<\/td>\n900<\/td>\n18%<\/td>\n<\/tr>\n\nSouth Gloucestershire<\/td>\n6,000<\/td>\n1,100<\/td>\n18%<\/td>\n<\/tr>\n\nCheshire West and Chester<\/td>\n7,100<\/td>\n1,300<\/td>\n18%<\/td>\n<\/tr>\n\nMelton<\/td>\n1,100<\/td>\n200<\/td>\n18%<\/td>\n<\/tr>\n\nFenland<\/td>\n2,200<\/td>\n400<\/td>\n18%<\/td>\n<\/tr>\n\nSouth Cambridgeshire<\/td>\n3,300<\/td>\n600<\/td>\n18%<\/td>\n<\/tr>\n\nAdur<\/td>\n1,100<\/td>\n200<\/td>\n18%<\/td>\n<\/tr>\n\nLewes<\/td>\n2,200<\/td>\n400<\/td>\n18%<\/td>\n<\/tr>\n\nReigate and Banstead<\/td>\n3,300<\/td>\n600<\/td>\n18%<\/td>\n<\/tr>\n\nRother<\/td>\n2,200<\/td>\n400<\/td>\n18%<\/td>\n<\/tr>\n\nHarrogate<\/td>\n3,900<\/td>\n700<\/td>\n18%<\/td>\n<\/tr>\n\nAmber Valley<\/td>\n2,800<\/td>\n500<\/td>\n18%<\/td>\n<\/tr>\n\nSouth Derbyshire<\/td>\n2,800<\/td>\n500<\/td>\n18%<\/td>\n<\/tr>\n\nDacorum<\/td>\n2,800<\/td>\n500<\/td>\n18%<\/td>\n<\/tr>\n\nGuildford<\/td>\n2,800<\/td>\n500<\/td>\n18%<\/td>\n<\/tr>\n\nWinchester<\/td>\n2,800<\/td>\n500<\/td>\n18%<\/td>\n<\/tr>\n\nRibble Valley<\/td>\n1,700<\/td>\n300<\/td>\n18%<\/td>\n<\/tr>\n\nStaffordshire Moorlands<\/td>\n1,700<\/td>\n300<\/td>\n18%<\/td>\n<\/tr>\n\nBedford<\/td>\n3,400<\/td>\n600<\/td>\n18%<\/td>\n<\/tr>\n\nBrentwood<\/td>\n1,700<\/td>\n300<\/td>\n18%<\/td>\n<\/tr>\n\nCherwell<\/td>\n3,400<\/td>\n600<\/td>\n18%<\/td>\n<\/tr>\n\nCrawley<\/td>\n1,700<\/td>\n300<\/td>\n18%<\/td>\n<\/tr>\n\nWest Lancashire<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nHarborough<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nHinckley and Bosworth<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nNorth Hertfordshire<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nHavant<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nWest Oxfordshire<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nMendip<\/td>\n2,300<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nRushcliffe<\/td>\n2,900<\/td>\n500<\/td>\n17%<\/td>\n<\/tr>\n\nNuneaton and Bedworth<\/td>\n2,900<\/td>\n500<\/td>\n17%<\/td>\n<\/tr>\n\nHerefordshire, County of<\/td>\n3,500<\/td>\n600<\/td>\n17%<\/td>\n<\/tr>\n\nLewisham<\/td>\n4,700<\/td>\n800<\/td>\n17%<\/td>\n<\/tr>\n\nHambleton<\/td>\n1,800<\/td>\n300<\/td>\n17%<\/td>\n<\/tr>\n\nRyedale<\/td>\n1,200<\/td>\n200<\/td>\n17%<\/td>\n<\/tr>\n\nBlaby<\/td>\n1,800<\/td>\n300<\/td>\n17%<\/td>\n<\/tr>\n\nNorth Warwickshire<\/td>\n1,200<\/td>\n200<\/td>\n17%<\/td>\n<\/tr>\n\nStratford-on-Avon<\/td>\n3,600<\/td>\n600<\/td>\n17%<\/td>\n<\/tr>\n\nWyre Forest<\/td>\n1,800<\/td>\n300<\/td>\n17%<\/td>\n<\/tr>\n\nWaltham Forest<\/td>\n4,200<\/td>\n700<\/td>\n17%<\/td>\n<\/tr>\n\nBracknell Forest<\/td>\n2,400<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nSurrey Heath<\/td>\n1,800<\/td>\n300<\/td>\n17%<\/td>\n<\/tr>\n\nWest Berkshire<\/td>\n3,000<\/td>\n500<\/td>\n17%<\/td>\n<\/tr>\n\nWorthing<\/td>\n2,400<\/td>\n400<\/td>\n17%<\/td>\n<\/tr>\n\nSouth Somerset<\/td>\n3,600<\/td>\n600<\/td>\n17%<\/td>\n<\/tr>\n\nMaidstone<\/td>\n3,700<\/td>\n600<\/td>\n16%<\/td>\n<\/tr>\n\nWokingham<\/td>\n3,700<\/td>\n600<\/td>\n16%<\/td>\n<\/tr>\n\nNorth West Leicestershire<\/td>\n2,500<\/td>\n400<\/td>\n16%<\/td>\n<\/tr>\n\nLichfield<\/td>\n2,500<\/td>\n400<\/td>\n16%<\/td>\n<\/tr>\n\nWychavon<\/td>\n2,500<\/td>\n400<\/td>\n16%<\/td>\n<\/tr>\n\nTonbridge and Malling<\/td>\n2,500<\/td>\n400<\/td>\n16%<\/td>\n<\/tr>\n\nStroud<\/td>\n2,500<\/td>\n400<\/td>\n16%<\/td>\n<\/tr>\n\nSelby<\/td>\n1,900<\/td>\n300<\/td>\n16%<\/td>\n<\/tr>\n\nCannock Chase<\/td>\n1,900<\/td>\n300<\/td>\n16%<\/td>\n<\/tr>\n\nSouth Staffordshire<\/td>\n1,900<\/td>\n300<\/td>\n16%<\/td>\n<\/tr>\n\nBabergh<\/td>\n1,900<\/td>\n300<\/td>\n16%<\/td>\n<\/tr>\n\nBasildon<\/td>\n3,200<\/td>\n500<\/td>\n16%<\/td>\n<\/tr>\n\nSouth Norfolk<\/td>\n3,200<\/td>\n500<\/td>\n16%<\/td>\n<\/tr>\n\nSouth Oxfordshire<\/td>\n3,200<\/td>\n500<\/td>\n16%<\/td>\n<\/tr>\n\nSouth Ribble<\/td>\n2,600<\/td>\n400<\/td>\n15%<\/td>\n<\/tr>\n\nNorth Kesteven<\/td>\n2,600<\/td>\n400<\/td>\n15%<\/td>\n<\/tr>\n\nHuntingdonshire<\/td>\n3,900<\/td>\n600<\/td>\n15%<\/td>\n<\/tr>\n\nMaldon<\/td>\n1,300<\/td>\n200<\/td>\n15%<\/td>\n<\/tr>\n\nStevenage<\/td>\n1,300<\/td>\n200<\/td>\n15%<\/td>\n<\/tr>\n\nWest Devon<\/td>\n1,300<\/td>\n200<\/td>\n15%<\/td>\n<\/tr>\n\nEast Hertfordshire<\/td>\n3,300<\/td>\n500<\/td>\n15%<\/td>\n<\/tr>\n\nVale of White Horse<\/td>\n3,300<\/td>\n500<\/td>\n15%<\/td>\n<\/tr>\n\nFareham<\/td>\n2,000<\/td>\n300<\/td>\n15%<\/td>\n<\/tr>\n\nRushmoor<\/td>\n2,000<\/td>\n300<\/td>\n15%<\/td>\n<\/tr>\n\nSevenoaks<\/td>\n2,000<\/td>\n300<\/td>\n15%<\/td>\n<\/tr>\n\nWiltshire<\/td>\n10,000<\/td>\n1,500<\/td>\n15%<\/td>\n<\/tr>\n\nNorth East Derbyshire<\/td>\n2,100<\/td>\n300<\/td>\n14%<\/td>\n<\/tr>\n\nRutland<\/td>\n700<\/td>\n100<\/td>\n14%<\/td>\n<\/tr>\n\nRedditch<\/td>\n1,400<\/td>\n200<\/td>\n14%<\/td>\n<\/tr>\n\nEast Cambridgeshire<\/td>\n2,100<\/td>\n300<\/td>\n14%<\/td>\n<\/tr>\n\nEastleigh<\/td>\n2,800<\/td>\n400<\/td>\n14%<\/td>\n<\/tr>\n\nHart<\/td>\n2,100<\/td>\n300<\/td>\n14%<\/td>\n<\/tr>\n\nHorsham<\/td>\n2,800<\/td>\n400<\/td>\n14%<\/td>\n<\/tr>\n\nMid Sussex<\/td>\n3,500<\/td>\n500<\/td>\n14%<\/td>\n<\/tr>\n\nMid Devon<\/td>\n1,400<\/td>\n200<\/td>\n14%<\/td>\n<\/tr>\n\nSouth Holland<\/td>\n2,200<\/td>\n300<\/td>\n14%<\/td>\n<\/tr>\n\nMalvern Hills<\/td>\n1,500<\/td>\n200<\/td>\n13%<\/td>\n<\/tr>\n\nBreckland<\/td>\n3,000<\/td>\n400<\/td>\n13%<\/td>\n<\/tr>\n\nBroadland<\/td>\n3,000<\/td>\n400<\/td>\n13%<\/td>\n<\/tr>\n\nCastle Point<\/td>\n1,500<\/td>\n200<\/td>\n13%<\/td>\n<\/tr>\n\nTest Valley<\/td>\n2,300<\/td>\n300<\/td>\n13%<\/td>\n<\/tr>\n\nSwale<\/td>\n3,100<\/td>\n400<\/td>\n13%<\/td>\n<\/tr>\n\nEast Hampshire<\/td>\n2,400<\/td>\n300<\/td>\n13%<\/td>\n<\/tr>\n\nMole Valley<\/td>\n1,600<\/td>\n200<\/td>\n13%<\/td>\n<\/tr>\n\nTandridge<\/td>\n1,600<\/td>\n200<\/td>\n13%<\/td>\n<\/tr>\n\nTewkesbury<\/td>\n2,400<\/td>\n300<\/td>\n13%<\/td>\n<\/tr>\n\nCentral Bedfordshire<\/td>\n6,600<\/td>\n800<\/td>\n12%<\/td>\n<\/tr>\n\nBasingstoke and Deane<\/td>\n3,300<\/td>\n400<\/td>\n12%<\/td>\n<\/tr>\n\nWealden<\/td>\n3,300<\/td>\n400<\/td>\n12%<\/td>\n<\/tr>\n\nBraintree<\/td>\n3,400<\/td>\n400<\/td>\n12%<\/td>\n<\/tr>\n\nRochford<\/td>\n1,700<\/td>\n200<\/td>\n12%<\/td>\n<\/tr>\n\nUttlesford<\/td>\n1,700<\/td>\n200<\/td>\n12%<\/td>\n<\/tr>\n\nForest of Dean<\/td>\n1,700<\/td>\n200<\/td>\n12%<\/td>\n<\/tr>\n\nMid Suffolk<\/td>\n2,600<\/td>\n300<\/td>\n12%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n
\n
\n \tData on HRAD transactions as a proportion of all residential transactions sourced from Gov UK – Stamp Duty Statistics (2022\/23 – latest available)<\/em><\/small><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The latest research from London lettings and estate agent, Benham and Reeves, has shown that while second home purchases account for 23% of total market activity across England, this climbs to as high as 49% in the nation\u2019s second home hotspots. Benham and Reeves analysed the latest Gov figures* on stamp duty receipts for residential … <\/p>\n

Continue reading “Two prime London markets driving second home market activity, as hotspots revealed”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[463],"tags":[],"class_list":["post-1627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-london-property-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/1627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/comments?post=1627"}],"version-history":[{"count":2,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/1627\/revisions"}],"predecessor-version":[{"id":1815,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/posts\/1627\/revisions\/1815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media\/1628"}],"wp:attachment":[{"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/media?parent=1627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/categories?post=1627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benhams.com\/press-release\/wp-json\/wp\/v2\/tags?post=1627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}