New statistics have revealed house sale trends in Luton

Most expensive, busiest and 'trendiest' parts of Luton to buy a house revealed

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Friday, 1st July 2022, 12:59 pm
Updated Friday, 1st July 2022, 5:30 pm

New figures have revealed the most expensive and cheapest areas of Luton to buy a house in the last year – as well as the up and coming areas that have seen sales boom.

Data from the Office for National Statistics reveals that the highest median house price in 2021, was £367,500, and the lowest was £215,000.

The median – the middle number in a series – is used to ensure the figures are not skewed by extreme highs or lows.

Meanwhile, the number of homes sold in Luton rose from 1,600 in 2020 to 2,154 last year.

The Centre for Economics and Business Research said that following a period of significant growth during the pandemic, it expects house prices to experience downward pressure over the next year, as a result of sharp rises in mortgage rates.

The number of residential property sales in England increased by 21% to 821,407 between the end of 2020 and the end of last year.

Here’s how Luton’s wards stack up.

(images based on OS grid references)

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