With stamp duty axed until April 2021 and the housing market steadily reopening, the UK’s property market has enjoyed a mini boom.
Experts suggest this won’t last long and the jury’s out on whether or not it is good time to sell. So, does where you live affect how easily you’ll be able to move home? Online Mortgage Advisor sought to find out.
One home in Carlisle has been on the market since 2017. The three bedroom house on Currock Road has been on the market for a whopping 1,324 days.
Where are the worst areas to sell a home?
Regardless of its status as a commuter town, Oxford is the hardest city to sell up in. On average, homes in this area stay on the market for 152 days - 51 days longer than the UK average*!
Homes in Middlesbrough take the second longest time to sell. Despite their low property prices, houses here are listed for 48 days longer than the UK average (149).
Slough is in third position with average listing times of 148 days, followed closely by Blackpool in fourth with an average of 146 days on the market.
Surprisingly, London ranks as the fifth worst city in the UK. Contrary to the high demand, properties in the capital take 37 days longer than the UK’s average to sell (138)!
Other locations to make the ten slowest selling areas include:
6. Sunderland – average time on market: 130 days
7. Lincoln – average time on market: 127 days
8. Newcastle upon Tyne – average time on market: 121 days
9. Bournemouth – average time on market: 115 days
10. Blackburn – average time on market: 114 days
Considering the best areas to sell a home, houses in Edinburgh sell the quickest. Homes in Scotland’s capital sell at a remarkable rate of just 45 days – 56 days quicker than the UK average.
As the culture capital of Britain, it comes as no surprise that many people want to live in Glasgow. As the second quickest selling area, houses are listed for just 47 days on average.
Third, fourth and fifth places go to Dundee, Coventry and Stoke-on-Trent – properties in these areas are on the market for an average of 72, 74, and 77 days respectively. Speedy sales also occur in Bristol, Mansfield, Northampton, Swindon and Manchester, to make the top ten.
Oldest properties in the UK
Online Mortgage Advisor also scoured Rightmove to find where the longest listed houses are located. Sunderland is home to the oldest house in the UK, with the particular property available since 22/07/2009 – a whopping 4,060 days (11 years) on the market!
The second oldest property is in Leicester, which has been on the market for 3,115 days (since 22/02/2012).
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