30 Locations Where Homes Are Selling The Fastest | MPH
Are you looking for locations where property will be snapped up straight away?
Housing trends change every few years and the past year has seen a shift — where there was once a huge demand for rural and coastal properties in the pandemic, the overall demand for property fell almost by half at the end of 2022.
Undoubtedly, the cost-of-living crisis has contributed to the situation for many buyers with their household budgets feeling the squeeze. Having said this, for your potential buyers, there’s some good news on the horizon.
Buyers are returning to the housing market after mortgage rates dropped in October. With the recent cut in stamp duty rates, it’s never been a better time for buyers to purchase a property.
The conditions for buying a home are looking more than optimal at the moment, so it’s likely property purchases will move quicker than usual and buyers will have the property they want within weeks. As it stands, the average time to sell a house in the UK takes just 29 days.
There are even some places where homeowners are agreeing to an offer only 12 days after putting their property on the market. From the vibrant nightlife of Manchester to the fresh sea breezes of Worthing, there are a lot of locations to choose from and the prices are encouraging whatever the budget range.
So whether your buyers are first-time buyers, property developers or looking for an investment opportunity, it’s useful to know where homes are selling the fastest and why.
Where To Snap Up A Property
London always ranks top of the list when it comes to looking for a property to buy. While there is an abundance of opportunities and stunning properties in the city, it’s surprisingly among the slowest-moving housing markets in the UK. It’s not hard to see why given how expensive it is to buy in the capital.
Buyers who need to purchase a property quickly within a manageable budget, you’re better off looking further afield.
At the top of the list of locations where homes are selling fastest is Liverpool. Known for its football teams and sporting legacies, the city has shown immense economic promise.
Liverpool has a relatively low cost of living compared to other cities in the UK, which has made it a popular choice for buyers searching for affordable housing options. With a growing job market and business investment, the city has become a desirable place to live. Regeneration projects have upped the desirability factor of Liverpool with the development of housing, commercial and retail space making it an attractive prospect for buyers.
Other areas where homes are selling in less than 2 weeks are Newcastle, Birmingham, Manchester and surrounding areas. The commuter belt towns of these major cities means prospective buyers are likely to get a home they want within the price range without the hustle and bustle of the city. Buyers can still live on the heartline roads to work which makes these places perfect for couples and families.
The Most Popular Property Price Bracket
The most popular price bracket depends on location.
Working out which is the most popular price bracket for property purchases is dependent on buyers and their priorities.
Whether buyers choose to make a property their home or want to use it as an investment, they need to be informed before proceeding with one of the most important purchases they’ll ever make.
Naturally, properties in the South of England are selling at a higher price point compared to those in the North with an almost £350,000 difference so it’s well worth doing the calculations.
Areas such as Manchester, Wigan and Daventry with homes valued between £100,000 - £200,000 are selling fastest. At the other end of the country, homes in Worthing, Rushmoor and Gravesham are being snapped up at £300,000 - £400,000.
This is, of course, all relative and depends very much on the home in question. However, figures show that cheaper properties are selling like hotcakes with most of them being 1-2 bedroom flats.
For buyers, smaller properties are an ideal option for their affordability, convenient location, and flexibility. The only downside is that demand for cheap property is considerably high so prospective buyers should place their offer as soon as they possibly can.
UK Locations Seeing the Highest Property Sales
With a growing economy, thriving nightlife and an increase in population, below is a list of places where properties can be purchased within a month or less.
Locations where homes sell the fastest in the UK are:
Liverpool
Luton
Knowlsey
Salford
Manchester
Bury
Basingstoke and Deane
Dartford
Birmingham
Redditch
Ipswich
Newcastle upon Tyne
Wigan
Chorley
Gravesham
Rushmoor
Worthing
South Gloucestershire
Swindon
Torfaen
Nuneaton and Bedworth
Daventry
Northampton
Trafford
Bristol
Cardiff
Coventry
Rugby
Hull
Barnsley
Buying a property isn’t an easy decision and shouldn’t be taken lightly. While all of the above are great locations for your buyers to explore their options, you must keep them well informed.
If you need help keeping your buyers updated on all things property, reach out to MPH Social for all your social media and content creation needs.
MPH Social is the social media management agency of @millionpoundhomes, with an Instagram presence that reaches over 100k people every week. Looking to build an engaged social media audience? Let us do the work to help you build your brand with all things property.
Contact our expert team today for a free consultation.