Best and worst places to sell a property

New figures released by Quick Move Now and Home.co.uk have revealed the best and worst places to sell a property in the UK, based on typical time on market.

Scotland and Northern Ireland top the list, with Glasgow, Belfast and Edinburgh taking the top three spots. London makes up much of the slower-moving market.

Best places to sell a property

PositionLocationTypical time on marketMedian asking price
1Glasgow30 days£215,000
2Belfast33 days£195,000
3Edinburgh47 days£335,000
4Basingstoke47 days£325,000
5Bristol51 days£350,000
6Gloucester52 days£279,000
7Stockport53 days£300,000
8Crawley53 days£325,000
9Reading53 days£375,000
10Northampton54 days£286,250
11Eastleigh55 days£360,000
12Romford55 days£410,000
13Basildon55 days£349,995
14Swindon56 days£280,000
15Maidstone56 days£350,000
16Corby57 days£273,950
17Tamworth57 days£285,000
18Sale58 days£395,000
19Plymouth58 days£245,000
20Balham59 days£675,000

Worst places to sell a property

PositionLocationTypical time on marketMedian asking price
1Mayfair225 days£2,195,000
2Marylebone207 days£1,525,000
3Soho195 days£1,850,000
4Charing Cross188 days£1,500,000
5Knightsbridge185 days£2,600,000
6Belgravia183 days£1,797,000
7Westminster179 days£1,120,000
8Regents Park177 days£1,400,000
9Bloomsbury174 days£1,295,000
10Aberdeen172 days£138,000
11Strand171 days£1,250,000
12Paddington171 days£1,000,000
13South Kensington166 days£1,750,000
14Vauxhall165 days£900,000
15Chelsea164 days£1,570,000
16Kensington158 days£1,400,000
17Cromwell Road157 days£1,300,000
18Holborn157 days£1,050,000
19Maida Vale156 days£875,000
20Lambeth153 days£790,000

Danny Luke, Quick Move Now’s managing director, commented: “These figures paint a really positive picture of the property market, which is much welcomed against the backdrop of stubborn mortgage interest rates and the return of stamp duty thresholds to previous levels.

“Glasgow has once again been named the best place to sell a property. Over the last year, typical time on market in the city has fallen from 41 days to 30 days. During the same period, the typical property price in Glasgow has risen from £209,000 to £215,000.

“At the other end of the spectrum, Mayfair is currently the worst place to sell a property, with property in the area typically spending 225 days on the market. This time last year, properties in Mayfair typically sat on the market for 233 days, so we’re seeing shorter time on market figures even in areas where properties are taking longer than average to sell.

“Although mortgage interest rates are not coming down as quickly as hoped, these figures show the property market remains resilient with both small price increases and lower time on market.”  

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