Scottish towns set pace for speedy home sales
Scottish towns and cities dominate a table of major conurbations in Britain with the fastest-moving property markets.
Home sellers pricing realistically
Publication of the survey coincided with a report from the Royal Institution of Chartered Surveyors (RICS) indicating that home sellers were becoming more realistic in pricing their properties.Almost two-thirds of surveyors were now reporting that, for homes listed for sale at up to £500,000, prices being paid by purchasers were in line with sellers' asking prices.But the RICS also said the volume of new properties coming on to the market was at its lowest since June 2016.And a separate report from Rightmove said more than 28 per cent of properties for sale on its website had been listed for longer than six months.House sales affected by local market conditions
Miles Shipside, Rightmove's commercial director, said, "If you've failed to find a buyer after several months of marketing, then it could be that overall demand in your area is low due to local market conditions."However, if some properties are selling and yours is not, then you either have a property with limited appeal or the price is too high. If you're unlucky, it could be both."Fastest moving towns and cities for property sales, according to Zoopla – average number of days to secure an offer and average price: 1= Falkirk, 27, £154,5791= 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 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, £180,239Average 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
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