Study reveals Scotland’s fastest selling properties
Scotland has Britain’s fastest-moving property market, with homes in Edinburgh and Falkirk taking just under four weeks to sell on average, analysis found.
Homes for sale in Edinburgh and Falkirk take an average of just 27 days to go under offer – less than half the British average of 56 days, Zoopla said.
Homes across Scotland take 42 days to sell on average. Looking at Britain’s nations and regions, the West Midlands has the next fastest selling times, at 46 days.
Zoopla, which analysed home sales in the 50 biggest towns and cities, said Glasgow has the third fastest-moving property market with homes going under offer in an average of 31 days.
Elsewhere in Scotland, Stirling is in fourth place (32 days), with Cardiff and Coventry in fifth place (37 days).
At the other end of the spectrum, homes in Blackpool take the longest to go under offer at 71 days on average, a day longer than properties in London.
Zoopla also looked at the most commonly sold property types.
It found that in Manchester a three-bedroom semi-detached is the most popular, while in Bristol a three-bedroom terrace is the most commonly purchased. In London, two-bedroom flats top the list.
Giving tips for a smooth sale, Annabel Dixon, a spokeswoman for Zoopla, said: “The key is to get your pricing correct, meaning the best way to sell your home quickly is to ask for its true value given the current market.
“Over-priced homes won’t shift and may have to be discounted and on the flip side nobody wants to sell for less than their property is worth.”
The fastest moving towns and cities for property sales, according to Zoopla, with the average number of days to secure an offer and the average price:
1= Falkirk, 27, £154,579
1= Edinburgh, 27, £298,575
3. Glasgow, 31, £186,705
4. Stirling, 32, £222,736
5= Cardiff, 37, £255,528
5= Coventry, 37, £215,909
7. Newport (South Wales), 40, £187,842
8= Nottingham, 41, £207,456
8= Birmingham, 41, £207,474
10. Mansfield, 42, £156,763
The slowest moving towns and cities:
1. Blackpool, 71, £122,306
2. London, 70, £659,660
3. Newcastle-upon-Tyne, 68, £209,693
4. Hemel Hempstead, 65, £392,879
5= Bradford, 64, £135,798
5= Reading, 64, £430,006
7. Preston, 63, £191,628
8. Telford, 62, £178,444
9. Doncaster, 60, £162,012
10. Swansea, 59, £180,239
Average selling times by region:
1. Scotland, 42, £192,147
2. West Midlands, 46, £235,835
3. East Midlands, 47, £224,942
4. Yorkshire and the Humber, 54, £183,347
5. South West England, 56, £309,519
6. North West England, 57, £199,682
7. East of England, 59, £361,195
8. Wales, 60, £194,824
9. South East England, 61, £402,266
10. North East England, 67, £193,274
11. London, 70, £659,660
Photo credit: Robin McKelvie
