New data reveals Scotland and the Midlands have the fastest-moving property markets.
Zoopla analysed regions across Britain and 50 of the largest cities and towns to determine the fastest and slowest-moving property markets. Overall in Britain, it takes an average of 56 days to sell a property.
Additionally, Zoopla researched the most common housing types sold. As the top property type in 30 locations, three-bedroom semi-detached homes are the most popular across Britain.
Regions with the fastest property sales
Scotland leads the way as the fastest-moving region with it typically taking just an average of 42 days to secure an offer on a property. The West Midlands and East Midlands also have quick markets with properties going under offer in 46 and 47 days respectively.
Yorkshire & The Humber comes in fourth and boasts the most affordable average property value on the list at £183,347. It takes an average of 54 days for sellers to find a buyer there.
Compared to other regions in Britain, properties in London typically take the longest to sell with an average of 70 days. Unsurprisingly, the capital also features the most expensive average property value on the list at £659,660.
Cities where homes sell the quickest
Scotland, Wales, and the Midlands are well represented on Zoopla’s top 10 fastest-moving cities. The first four cities are located in Scotland, including Falkirk, Edinburgh, Glasgow, and Sterling. These property markets see houses being matched with buyers within 27 to 32 days on average.
Cardiff and Coventry are tied for fifth with homes going under offer after an average of 37 days. Newport, in Wales, followed with an average of 40 days, while Nottingham and Birmingham are tied for eighth with 41 days.
This data further demonstrates that property markets in regional cities are especially buoyant. Despite ongoing political and economic uncertainty, regional cities, like Birmingham and Glasgow, are continuing to show resilience and growth.
