Britain’s fastest property markets revealed

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Fresh analysis by Zoopla has revealed Britain’s fastest moving property markets with the lowest number of average days for a seller to secure an offer.

The four quickest markets are all found in Scotland, with Falkirk and Edinburgh taking joint top spot with an average of 27 days to secure an offer from a prospective buyer.

Glasgow (31 days) and Stirling (32 days) also perform strongly, with typical properties receiving offers well under the UK average of 56 days.

The top five is made up by Cardiff, where it takes an average of 37 days for a seller’s property to go under offer.

Regionally, the best performing areas are Scotland (42 days), the West Midlands (46 days), the East Midlands (47 days) and Yorkshire and the Humber (54 days).

Britain’s slowest market is currently Blackpool, according to Zoopla, where the average property takes 71 days to go under offer. 

Other poor performers include London (70 days), Newcastle (68 days), Hemel Hempstead (65 days) and Bradford (64 days

Zoopla also looked at the most common property type sold by location. In London, Edinburgh and Glasgow two-bedroom flats are the most popular.

However, in Liverpool and Bristol three-bedroom terraced properties are the most popular. Meanwhile, three-bed semis are the most common property in a range of locations, including Sheffield, Doncaster, Leeds, Manchester, Birmingham, Nottingham and Swansea.

“Despite widespread reports of a subdued housing market, Brits may be surprised that it takes less than two months for the average British property to go under offer from the date it was first listed for sale,” says Annabel Dixon, spokesperson for Zoopla.

“The key is to get pricing correct, meaning the best way to sell [a] home quickly is to ask for its true value given the current market.” 

“Overpriced homes won’t shift and may have to be discounted and on the flip side nobody wants to sell for less than their property is worth,” she says.

10 fastest moving markets in Britain

RankTownAverage days to secure an offerAverage property value (May 2019)
1Falkirk27£154,579
2Edinburgh27£298,575
3Glasgow31£186,705
4Stirling32£222,736
5Cardiff37£255,528
6Coventry37£215,909
7Newport40£187,842
8Nottingham41£207,456
9Birmingham41£207,474
10Mansfield42£156,763

10 slowest moving markets in Britain

RankTownAverage days to secure an offerAverage property value (May 2019)
1Blackpool71£122,306
2London70£659,660
3Newcastle Upon-Tyne68£209,693
4Hemel Hempstead65£392,879
5Bradford64£135,798
6Reading64£430,006
7Preston63£191,628
8Telford62£178,444
9Doncaster60£162,012
10Swansea59£180,239

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Written by: Houseladder