Nov
7

Homes are taking longer to sell

The average time to sell a property in the UK has increased to more than 12 weeks from an average of just 8 weeks in 2016, according to Zoopla’s Cities House Price Index. It very much depends on where you are in the country, if you live in London you could be looking at more than 14 weeks to sell and in the north it could be as little as 8-9 weeks. The final accepted offer can be around 4% below the marketed price, the hardest hit area once again being inner London homes where homes are selling on average around £50,000 below asking price. And, why is this happening? Would it surprise you that the answer is Brexit? Click here to read more on this story.