Revealed: The fastest moving property markets in the UK

Property purchasers are frantically rushing to benefit from the stamp duty holiday, with agents around the UK working at pace to support as many sales as possible before the 31 March deadline. But where are the fastest moving property markets?

Based on data from its own website, Zoopla says that Falkirk in Scotland is the fastest moving property market in the UK at the moment, with properties taking an average of 20.3 days from being listed to being sold subject to contract.

Meanwhile, Bridgend in Wales comes in joint second place – taking 23.6 days to go under offer.

But it is the Midlands that dominates the list, and is home to eight of the top 20 fastest markets including Nottingham, Stoke-on Trent and Redditch, with properties on the market for an average of 27 days before being sold subject to contract.

The larger urban area of Stoke-on-Trent ranked tenth in the list. Properties in this local authority take an average of 28 days from being listed to being sold subject to contract.

In Nottinghamshire, the village of Gedling ranks in 16th place, with properties here being on the market for 31 days, while it is the same story in the larger market town of Mansfield.

Properties in the south are selling at a slower pace. Waltham Forest is the only area in Greater London to feature on the list, with only two other locations in the south featuring in the top 20

Overall, the fastest moving property type is a three-bedroom, semi-detached house, which takes the top spot in 12 out of the top 20 local authorities.

The £100,000-£150,000 price band also leads the way, being the fastest moving in 11 local authorities, while £150,000-£200,000 comes in second place and is the speediest price band in a quarter of the top 20.

Tom Parker, consumer spokesperson at Zoopla, said: “With a potential saving of up to £15,000, the rush from buyers to benefit from the stamp duty holiday is very much on. Of course, there is still a significant amount of work to be done once a property is under offer, but properties being snapped up quickly by eager buyers is the first hurdle to leap if you want to make that saving.

“We’d urge buyers to act quickly and decisively in their hunt for a perfect property. Any delay can not only mean you miss out on your dream home but could hit you in the pocket too.”

The top 20 fastest moving markets

Rank

Local Authority

Region

Average number of days on the market*

Fastest-moving

property type

Fastest-moving

price band

1

Falkirk

Scotland

20

3-bed semi-detached

£100,000-150,000

2

Waltham Forest

London

24

2-bed terraced

£400,000-450,000

3

Bridgend

Wales

24

3-bed semi-detached

£100,000-150,000

4

Liverpool

North West

25

1-bed flat

£150,000-200,000

5

Salford

North West

26

2-bed terraced

£100,000-150,000

6

Sheffield

Yorkshire and the Humber

27

3-bed semi-detached

£400,000-450,000

7

Redditch

West Midlands

27

3-bed semi-detached

£150,000-200,000

8

Bromsgrove

West Midlands

28

3-bed semi-detached

£150,000-200,000

9

Walsall

West Midlands

28

3-bed semi-detached

£100,000-150,000

10

Stoke-on-Trent

West Midlands

28

3-bed semi-detached

£100,000-150,000

11

Leeds

Yorkshire and the Humber

28

3-bed semi-detached

£150,000-200,000

12

Bristol

South West

29

2-bed terraced

£150,000-200,000

13

Dartford

South East

30

3-bed terraced

£250,000-300,000

14

Nottingham

East Midlands

30

3-bed semi-detached

£100,000-150,000

15

Oldham

North West

31

2-bed semi-detached

£100,000-150,000

16

Gedling

East Midlands

31

3-bed semi-detached

£100,000-150,000

17

South Staffordshire

West Midlands

31

3-bed semi-detached

£100,000-150,000

18

Mansfield

East Midlands

31

3-bed semi-detached

£100,000-150,000

19

Trafford

North West

31

2-bed terraced

£200,000-250,000

20

Manchester

North West

31

1-bed flat

£100,000-150,000

This analysis looks at the average number of days between the property being listed on Zoopla to offer (marked as Sold STC) – GB Residential Resale market transactions only. The analysis excludes properties which didn’t receive an offer within six months of listing.

Days on the market rounded to the nearest whole number. Calculated as a rolling six months average from 1st May to 31st October.

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