Properties selling in record 88 days across Britain

11 August 2014

The average time it takes to sell a property in Britain has reduced to just 88 days, 16 days faster (15.38%) compared to the same time last year. This is the fastest selling time recorded since 2007, according to recent research from Move with Us, the residential property group.
The latest data from the Move with Us Market Review showed that properties in Greater London were selling the fastest in the second quarter of 2014 with an average of just 43 days. This was followed by the South East and East Anglia where the selling times for Q2 2014 were the fastest in five years, taking an average of 59 and 68 days respectively.
Properties were slowest to sell in the North East where the average selling time reached 138 days in the second quarter of 2014. However, this was still 50 days (26.60%) quicker in a yearly comparison and the second biggest change outside of Greater London since 2007.
Robin King, Director at Move with Us, said: “The market has gained a spring its step thanks to increased confidence and more readily available funding bringing more buyers to the market. Faster selling times have now spread outside Greater London and the South East where competition has always been relatively strong compared to areas such as the East and West Midlands where the market has taken longer to recover.” 

The average time it takes to sell a property in Britain has reduced to just 88 days, 16 days faster (15.38%) compared to the same time last year. This is the fastest selling time recorded since 2007, according to recent research from Move with Us, the residential property group.

The latest data from the Move with Us Market Review showed that properties in Greater London were selling the fastest in the second quarter of 2014 with an average of just 43 days. This was followed by the South East and East Anglia where the selling times for Q2 2014 were the fastest in five years, taking an average of 59 and 68 days respectively.

Properties were slowest to sell in the North East where the average selling time reached 138 days in the second quarter of 2014. However, this was still 50 days (26.60%) quicker in a yearly comparison and the second biggest change outside of Greater London since 2007.

Robin King, Director at Move with Us, said: “The market has gained a spring its step thanks to increased confidence and more readily available funding bringing more buyers to the market. Faster selling times have now spread outside Greater London and the South East where competition has always been relatively strong compared to areas such as the East and West Midlands where the market has taken longer to recover.” 

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