Is it a good time to sell my house?
Right now, it’s a good time to sell a house in the UK. House prices are increasing at over 3% in many areas.
On top of this, the prospect of Stamp Duty savings has boosted buyer interest (which we measure by monitoring google searches related to house buying). This means there’s lots of competition to secure the best homes.
At the moment it’s taking around 18 weeks for homesellers to reach the ‘sold subject to contract’ stage. This is a bit quicker than normal for this time of year.
AVERAGE HOUSE PRICE
£381,277
NEW LISTINGS THIS YEAR
4370
Are houses selling?
This month has seen more properties being sold subject to contract than usual for this time of year. This metric is a great high-level indicator of how healthy the property market is. The more sales agreed, the more active and fast-paced the market.
The best places to sell or buy a property in the UK
Homesellers in Falkirk and Stirling and Bridgend are in a particularly strong position at the moment. Homes in Falkirk and Stirling are selling for 7% less than last year. This makes it the best place to sell a home in the UK, right now.
Conditions in Bridgend are also pretty great. Homes in Bridgend are selling quicker than anywhere else in the UK. It takes an average of just 2 weeks for homes properties here to reach the ‘sold subject to contract’ stage.
| Area name | No. of properties sold | Time to sell |
|---|
| Falkirk and Stirling | 438 | 2 weeks |
| Bridgend | 268 | 2 weeks |
| Glasgow | 2259 | 2 weeks |
| Paisley | 196 | 2 weeks |
| Weymouth | 174 | 2 weeks |
The worst places to sell or buy a property in the UK
Homes in Weybridge are taking 15 weeks to sell, making this area the worst place to sell a home if you’re looking to move quickly.
| Area name | No. of properties sold | Time to sell |
|---|
| Weybridge | 143 | 15 weeks |
| Witney | 252 | 13 weeks |
| Ormskirk | 197 | 12 weeks |
| Stratford-upon-avon | 170 | 12 weeks |
| South Shields | 207 | 10 weeks |
Highest priced homes: the most expensive places to buy property in the UK
Homes in the UK cost an average of £379.89k, but in some areas property prices can be double this.
Predictably, London consistently takes the top spot as the most expensive place to buy a house in the UK. Purchasing a home in the London Borough of Mayfair will set you back an average of £3.29M.
Outside of London, Virginia Water comes a close second in the list of most expensive areas to purchase a home. House prices here average £2.55M.
Where has property increased the most in value?
Homeowners in Badminton have seen the largest return on their investment in the last year. Properties here are selling for an average of £889.22k. That’s a 74% growth in property value in 12 months.
Homeowners in Cornhill-on-tweed have also seen significant returns on investment. Homes here are selling for 73% more than this time last year.
How long does it take to sell a house?
The amount of time between a house going onto the market, and being ‘sold subject to contract’ averages 22 weeks in the UK. If your sale is taking significantly longer than the average for your area or property type, it’s time to consider making some changes.Selling quickly starts with the right estate agent. Explore your options
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