Nearly one-third of house moves have dropped in some parts of the country over the last year, according to research by Lloyds Bank.
Research has found that housing market activity is now considerably below level before financial crash, thanks to high prices and stamp duty. The number of home sales in England and Wales dropped by 7 per cent in 2016, but fell most heavily in London, by 18 per cent, and 10 per cent in the south-east. Brent in north London and Berkhamsted in Hertfordshire saw the number of transactions fall by 30 per cent.