Foreign Property News | Posted by Shwe Zin Win
Homes in Liverpool and Manchester are the fastest selling in England, new data reveals.
While properties in the North West are seeing rapid average sales times, those in southern England, Wales and the Midlands are taking almost two weeks longer to sell than in 2022.
Across England, homes are on the market for an average of 34 days before securing a sale, figures from Zoopla claim.
(Rapid sale: Homes in Liverpool and Manchester are selling quickly, Zoopla says)
Homes in Salford, Basingstoke and Deane and Sheffield are also selling reasonably quickly, with an average timeframe of up to 24 days.
Waltham Forest is the only London borough to see homes selling faster than the national average for England, with sales agreed in around 24 days.
Two-bedroom terraced houses are the fastest selling property type in four in five regions, while four-bedroom homes are taking the longest to sell.
In London, pricey detached homes with four or more bedrooms are taking around 59 days to sell, the findings suggest.
In hotspots like the North West, the fastest selling type of property is the one-bedroom flat, taking 21 days on average to sell, and with prices around the £100,000 mark.
Meanwhile, four-bedroom homes in the North West are typically taking around 53 days to sell, with higher price tags at around £477,000.
In the North West and North East, the average home is between £72,000 to £125,000 less expensive than the national average, according to Zoopla.
(Quick sale: New data suggests it only takes an average of 17 days to sell a home in Liverpool)
Higher interest rates on mortgages and the rising cost of living have been causing some buyers to ponder for longer when it comes to property purchases.
Izabella Lubowiecka, a senior property researcher at Zoopla, said: 'Over the last 12 months, the time to agree a sale has increased.
Ref: Hottest property markets revealed: Homes in Liverpool take just 17 DAYS to sell - half the typical average (dailymail)
