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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Northerner 20 Oct 2016

Any views from outside the M25? No wonder politicians can't get the housing big picture when everyone seems to think that London is the yard stick, when it absolutely is not.

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Sean Lees 13 Oct 2016

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Please Sian Berry Dan Wilson Craw LANDLORDS DO NOT WANT TO RAISE RENTS They are being forced to because of Section 24! An unfair, punitive tax hike that will be a disaster Green Party, Generstion...

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Fletcher88 11 Oct 2016

Absolutely agree! Moreover property prices edged up with 0.7% this month as the market recovered from the initial Brexit hit

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Gary Das
Gary Das 06 Oct 2016

A lot of lenders (especially the high-street banks and lenders people approach first) could do more to accommodate for the self-employed. It can really be a struggle, as I found out myself last year when...

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richardrawlings 04 Oct 2016

Not sure I understand this! If Basildon and Hemel rose 68% and 52% respectively, why do they not appear in the top ten list, which appears only to feature those in the minus 20's!! Is it me?

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luxus 27 Sep 2016

It can be stressful. More clarity is needed on the process, from a customer perspective and consideration should be given to using the Scandinavian model where the sales process is much quicker.

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Melissa_Green 26 Sep 2016

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Jimmy_McCoy 16 Sep 2016

I think that the main reason to buy garden purchases in last minute is because people always search for the best deal. In summer months there are abundance of seasonal goods and it means more low cost

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Jimmy_McCoy 16 Sep 2016

Buying a home often is more expensive than you expect. There are lots of hidden costs such as: stamp duty, surveys and valuations, mortgages etc. that can add more than 10% to the total bill

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Homebuyerconveyancing 15 Sep 2016

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