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Property for sale news: Latest Zoopla figures show market is fastest in Edinburgh
Published On: Thu, Oct 11th, 2018

Property for sale news: Latest Zoopla figures show market is fastest in Edinburgh

When it comes to selling up, some homeowners will hope to secure a quick sale, while others will look to accept only the best possible price.

Whether you’re looking to move quickly, or are hoping to keep your property’s time on the market brief, new research has identified which cities are currently most likely to see dwellings sell the fastest.

The latest figures, published by property website Zoopla, show that properties for sale in Edinburgh are, on average, selling the fastest.

The results of the new research showed sellers in the capital of Scotland have typically been securing a sale within just 22 days.

Zoopla also shard that the average price of property in the city for October this year, is currently £287,865.

Just a stone’s throw away from Edinburgh, the city of Glasgow came in at a close second to the current fastest cities to sell a property in the UK.

The average in the port city is slightly higher than its Scottish neighbour – with the research showing it takes around 27 days to secure a sale.

And, while sellers may be waiting longer to accept an offer, buyers could be spending a lot less if they’re serious about putting their money on a property in Glasgow.

The latest figures highlighted the area’s average property value at £182,816.

Meanwhile, the average time it takes to sell a home in Britain overall currently stands is much longer, at 47 days, Zoopla said.

Prospective buyers in Cardiff shouldn’t hang around if they’re looking to make a purchase in the area, either.

The latest research has highlighted the average number of days to secure an offer currently stands at 32, with the average property value in the city currently being £238,241.

Meanwhile, it seems that anyone looking to invest in a property in Northampton and Birmingham shouldn’t hang around.

That’s because, these two Midlands spots made the top five on Zoopla’s latest list of the fastest moving towns in Britain.

With a higher average of just one day behind Cardiff at 33 days, it seems the market in the two areas is relatively fast-moving.

Scotland also scooped a top spot in terms of the regions ranked by the amount of time it took for a property to go under offer, with the country, and the West Midlands both taking an average 38 days, Zoopla said.

Meanwhile, London came in in ninth place, with 54 days being the average stint a property would spend on the market before seeing any offer.

Lawrence Hall, of Zoopla, said: “Prospective buyers and sellers should find this information helpful as it will give them a good idea of where the homes are in demand.

“It’s also interesting to see Scotland’s dominance in the list, indicative of the cooling property market in the south of the country.

“With this in mind, it’s worth noting how London’s properties take seven days longer to sell than the national average.”

The findings came after Zoopla analysed a sample of properties listed for sale on its website between the beginning of 2018, and last month.

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Property for sale news: Latest Zoopla figures show market is fastest in Edinburgh