Which location takes just 13 days to sell a property?

Which location takes just 13 days to sell a property?

The latest report and research from Home.co.uk has revealed which locations take the shortest time to sell.

Properties in Peterborough and Milton Keynes are selling faster than anywhere else in the country, latest research by Home.co.uk has found, in a study of property sales over a 180-day period. It takes a median average of just 13 days to agree a property sale in these two towns: a faster timescale than anywhere else in Britain.

A key factor is the two towns' easy commute to London, as homebuyers and investors alike look to move out of the capital in search of better value. Some next-time buyers are cashing in on high London prices, whilst others are simply priced out of the capital.

Bristol is another area where the property market is red hot. The West of England city has grabbed five out of the top ten postal districts in Home.co.uk's property hotspot list of fastest-selling areas outside of Greater London.

This includes the BS2 postcode area, which is next to the city centre's university, suggesting that the buy-to-let market for student accommodation is a strong motivator for buyers in Bristol.

The continued interest in investing in student accommodation is also a factor in the Woodley area of Reading being named another property hotspot. In this area of the city, which is close to Reading University, it takes just 15 days to sell, in terms of the median average.


Suburban Glasgow is another property hotspot. Clarkston and Giffnock, which are both affluent areas to the south of the city centre, take two top ten spots in terms of median average time to sell outside of Greater London.

Greater London's property hotspots are also dominated by suburban areas, showing heightened interest in commuter belt homes.

But while ten areas outside of Greater London have a median average time to sell of 15 days or less, just two areas of the capital, Uxbridge and Sidcup, can boast such a quick turnaround.

This latest Home.co.uk research shows that properties in the UB7 area of Uxbridge, near to Heathrow Airport, and the DA15 area of Sidcup take only 15 days to sell.

Sidcup takes one further Greater London top ten property hotspot place, with nearby Dartford claiming two places and Bexley, which is also near to Sidcup, bagging another spot.

The remaining top ten places also show how popular such commuter belt districts are. Sutton has two postal code areas ranked among this elite group, while Romford and Kingston-upon-Thames claim the remaining top ten places in terms of median average time on the market.

Doug Shephard, director at Home.co.uk, commented: “Our figures show that the really hot areas in the current property boom are now outside of the M25. These top sellers' markets are typically well-to-do districts where already premium prices are going through the roof, as buyers compete for the very limited supply of properties for sale.”

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Latest Comments

AbbieP.
AbbieP. 22 Jul 2016

"While house prices in the most expensive eleven boroughs have declined values in the cheapest eleven boroughs continue to rise" - not a nice way to even out the price range. London is overrated as it

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AbbieP.
AbbieP. 21 Jul 2016

And try to profit from your decisions, I may add

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CommercialTrust
CommercialTrust 19 Jul 2016

Retirement investment has always been one of the biggest draws of buy to let. And the buy-to-let demographic is, on balance, older. (Over a third of our applicants are over 50 at the time of application.) It...

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Forrest Wheatey
Forrest Wheatey 11 Jul 2016

I find the time perfect for ever home-owner wannabe. Prices should slowly, but steadily drop, at least for the inner buyer. Making it harder for outsiders to buy properties (the whole Brexit thing means...

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property guru
property guru 11 Jul 2016

Why should Ajay even have to be looking for it. It should be public knowledge. Why is not just publish each years and to were it is and be AUDITED. Accountability.

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property guru
property guru 11 Jul 2016

Surprise suprise

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CommercialTrust
CommercialTrust 30 Jun 2016

This is great news for buyers and investors in a period of significant uncertainty. The 10-year buy-to-let fix at 3.99% in particular is excellent, a clear 100 bps ahead of the nearest competition. Though...

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Lee
Lee 30 Jun 2016

Let's see what happens to north-east property prices when Nissan announce they're leaving.

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DmitriKara
DmitriKara 29 Jun 2016

I just read another article about eviction rising and this was exactly what was on my mind, Housing has become "cat and mouse"...

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DmitriKara
DmitriKara 29 Jun 2016

I am really not surprised. I've seen one too many impudent tenants and in my humble opinion renters have one too many privileges and options to abuse heir landlord in so many ways...

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DmitriKara
DmitriKara 29 Jun 2016

There is still so much uncertainty and I will surely step back and see what's happening before I could make any decisions on my end.

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ChristinaReedUK
ChristinaReedUK 20 Jun 2016

I don't understand why it's always a war between the two sides. Either, way the landlord is probably keeping a detailed inventory and will see the changes you've made. I just don't understand why there...

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