Apr
7

Fastest moving housing markets in England and Wales

Properties in Wigan are selling faster than anywhere else in England and Wales, according to research conducted by Zoopla, taking an average of 26 days to reach an agreed sale. Other urban areas such as Leeds, Liverpool, Sheffield, and Manchester are selling within 34 days. Coastal areas have seen an improvement in the time to sell with Medway in Kent taking just 27 days to sell. The Isle of Wight is also experiencing a high level of popularity taking just 32 days to sell a property, which is 29 days quicker than the previous year. In Wales, Neath Port Talbot is taking 31 days and Bridgend 32 days to sell. The fastest-selling property type is a semi-detached 3 bedroomed home with a sale price of around £150,000 - £200,000. All of this results in a reduction in the supply of houses and the hotting up of competition amongst buyers. Overall, northern regions are experiencing the fastest-moving housing markets, with Medway, Isle of Wight and Bristol being the only southern regions to make it on to Zoopla’s top 20 list of fastest moving markets.

Read more here.