Gerrards Cross in Buckinghamshire has rocketed into the top 10 sales hotspots in the country, with a striking 94 per cent increase in agreed sales compared to 2023.

Situated in a wealthy part of the country, the town's average asking price is a robust £1,034,264, reflecting its desirability to homebuyers.

Data from property website Rightmove brings this striking picture into sharp focus, showing a somewhat uneven landscape across the country.

This unsettling wave of growth is not isolated to Gerrards Cross. Chard in Somerset leads the way in the list of hotspots, with a staggering 123 per cent increase in agreed sales versus 2023.

However, Chard's average asking price is a more modest £245, 202.

This suggests that in the face of high mortgage rates and cost of living concerns, some homebuyers may be venturing into more affordable areas.

Interestingly, detached houses have seen the most significant increase in sales since 2023.

Rightmove property expert Tim Bannister said: "During the pandemic and into last year, there was very little availability of larger homes.

"With not much choice of property to move to, this deterred some larger-home sellers from coming to market."

Mortgage rates have come down considerably from their peak in July 2023, encouraging potential movers.

This phenomenon is now stimulating the sales of larger homes, with Bannister adding: "Last year, movers had to adjust from historic low mortgage rates to much higher levels." 

The drop in mortgage rates, coupled with stable prices, is now leading to an exciting shift.

As Bannister says: "We have a group of larger home sellers who are seizing the opportunity to come to market.

"The increased choice is being met with more demand, resulting in higher numbers of sales."

It's an interesting time in the property market across the UK, but for homeowners in Gerrards Cross and other hotspots, it may very well be the opportune moment to consider selling.

Taking note of these shifting trends can provide valuable guidance for anyone looking to make a move in the current market.