Property

Where are currently the best and worst places to sell a property in the UK?

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21st March 2017
"In the last quarter of 2016, we have seen a significant shift of property slowdown from the north to the south"

Quick Move Now, has teamed up with Home.co.uk to release an official list of the top 20 worst and best places to sell a house in England and Wales.

The UK property market has experienced turbulence for several months now; from property boom to Brexit, many would-be home sellers have experienced significant highs and now worrying uncertainty as Article 50 is set to trigger at the end of this month.  

The feeling of positivity for the open property market will depend entirely on where in the country you are looking to sell a house. Some areas are seeing an average sell time of 76 days, whereas other areas are seeing lengthy average sell times of 295 days!

20 worst places to sell a property:

    Sunderland – property spends an average of 295 days on the market
    Rochdale – property spends an average of 292 days on the market
    South Shields – property spends an average of 275 days on the market
    North Shields – property spends an average of 269 days on the market
    Bangor (Wales) – property spends an average of 269 days on the market
    Darlington – property spends an average of 259 days on the market
    Oldham – property spends an average of 254 days on the market
    Knightsbridge – property spends an average of 249 days on the market
    Charing Cross – property spends an average of 248 days on the market
    Vauxhall – property spends an average of 246 days on the market
    Strand – property spends an average of 244 days on the market
    Rotherham – property spends an average of 243 days on the market
    Batley – property spends an average of 243 days on the market
    Broadgate – property spends an average of 243 days on the market
    Bootle – property spends an average of 242 days on the market
    Westminster – property spends an average of 241 days on the market
    Southwark – property spends an average of 238 days on the market
    Mayfair – property spends an average of 238 days on the market
    Belgravia – property spends an average of 237 days on the market
    Grimsby – property spends an average of 231 days on the market

20 best places to sell a property:

    Bedford – property spends an average of 76 days on the market
    Bristol – property spends an average of 79 days on the market
    Swindon – property spends an average of 81 days on the market
    Waterlooville – property spends an average of 83 days on the market
    Northampton – property spends an average of 84 days on the market
    Portslade by Sea – property spends an average of 85 days on the market
    Basildon – property spends an average of 85 days on the market
    Rochester – property spends an average of 87 days on the market
    Sutton – property spends an average of 90 days on the market
    Watford – property spends an average of 91 days on the market
    Reading – property spends an average of 91 days on the market
    Milton Keynes – property spends an average of 93 days on the market
    Gloucester – property spends an average of 93 days on the market
    Woking – property spends an average of 94 days on the market
    Luton – property spends an average of 95 days on the market
    Cambridge – property spends an average of 96 days on the market
    Redhill – property spends an average of 97 days on the market
    Bracknell – property spends an average of 97 days on the market
    Hove – property spends an average of 100 days on the market
    Eastbourne – property spends an average of 100 days on the market

Quick Move Now's Managing Director, Danny Luke, commented: “In the last quarter of 2016, we have seen a significant shift of property slowdown from the north to the south. Increased time on market figures continue to highlight the slowdown in the Greater London and the South East.”

Historically, there has always been a clear north-south divide between the best and worst places to sell, however, this steady trend is starting to diminish with Greater London making up nine of the twenty worst places to sell in March 2017.

Doug Shephard, director at Home.co.uk, added: "It's really Central London that's suffered the worst slowdown to date, but it seems to be spreading. The property market in the South East has also slowed but not yet by the same extent. What's more is that rents are following house prices and in Greater London: they are now going down. Buy-to-let lest investment, wary of overbought London and SE, is heading North in search of better yields. So if the trend continues we are going to be seeing fewer Northern locations in the worst 20 and more in London and the South East."

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