Recent analysis from the UK’s biggest property website, Rightmove, has revealed that seven of the top ten quickest selling housing markets are in Scotland.
The data, published in April 2023, shows that Falkirk in Stirlingshire is the country’s quickest selling housing market, with sellers in the area finding a buyer in an average of 22 days.
Rightmove has reported that the top 10 fastest selling markets are:
- Falkirk, Stirlingshire – 22 days
- Broxburn, West Lothian – 23 days
- Renfrew, Renfrewshire – 24 days
- Uddingston, Glasgow - 25 days
- Clydebank, Dunbartonshire – 25 days
- Larbert, Stirlingshire – 25 days
- Clarkston, Glasgow – 26 days
- Hall Green, Birmingham – 26 days
- St. George, Bristol – 26 days
- Walkley, Sheffield – 27 days
The average time to find a buyer in Scotland is now 34 days, compared with 22 days last year. Scotland is the quickest market in Great Britain, while London takes the longest to find a buyer on average (65 days).
The average time to find a buyer across Great Britain is 55 days, up from 33 days a year ago, but still quicker than the pre pandemic March 2019 average of 67 days.
Rightmove reports that it is taking longer to find the right buyer in areas near the coast compared with a year ago, while it is homes in city commuter belts that are finding a buyer more quickly.
Terraced houses sell the quickest (48 days) while detached houses take the longest to sell (65 days).
From a sale being agreed, it is taking on average a further 165 days until a transaction is completed.
If you've got a property to sell in Scotland, why not sell it at auction for an even quicker sale? Exchange takes place on the fall of the hammer and completion within the following 28 days.
Click here to request a free auction valuation for your property or give us a call on 0141 339 4466.
Source: https://www.rightmove.co.uk/news/articles/property-news/fastest-places-to-sell-mar23/
