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Best and worst places to sell a property

The best and worst places to sell a property in England and Wales have been revealed. According to new time on market figures released by Quick Move Now and home.co.uk, London is home to the top ten worst places to sell.

Properties for sale in Mayfair, which tops the list of worst places to sell, currently sit on the market for an average of more than nine months. By comparison, the typical time on market for the whole of England and Wales is less than half that, at 113 days.

Not all regions have properties languishing on the market unsold, however. Rochester, which has been named the best place to sell, has a typical time on market of just 52 days.

Best places to sell:

LocationMedian number of days on market
Rochester52
Bedford53
Swindon54
Gloucester54
Derby58
Hastings58
Bristol58
Hartlepool59
Bolton61
Northampton63

Worst places to sell:

LocationMedian number of days on market
Mayfair52
Soho53
Marylebone54
Knightsbridge54
Charing Cross58
Regents Park58
Strand58
Westminster59
Holborn61
Bloomsbury63

Danny Luke, Quick Move Now’s managing director, commented: “It has been well-documented throughout the last year that London’s prime property market has struggled, and that can clearly be seen in these time on market figures.

“Over the last year, we have seen an exodus out of the capital. Increased homeworking has given homeowners looking for more space the flexibility to widen their search area and get more square footage for their budget. This, added to the loss of international visitors, has had a big impact on prime London residential property, and homeowners looking to sell are faced with a challenging market. Pricing will be key to attract buyers who are keen to stay in the city.

“At the other end of the spectrum, we can see the positive impact the stamp duty holiday has had on keeping the property market ticking over. Typical time on market for the whole of England and Wales is currently 113 days – just two days more than in March 2020, which is impressive considering what the economy and the property market have been through over the last 12 months. This time last year we were expecting Covid-19 to have a devastating impact on the UK property market, but thankfully that doesn’t seem to have materialised. I am hopeful that the government’s new range of 95% mortgages will continue to bolster the market beyond the end of the extended stamp duty holiday, and we continue to see a strong, healthy property market in the coming months.”

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