London boroughs where houses sell the fastest
The outer London boroughs have been revealed to be the areas of the capital where property sells the fastest.
In Waltham Forest, sellers can hope to sell their properties the quickest – a two-bed terrace house can be off the market in just 35 days.
Barking and Dagenham, Bexley and Redbridge were the next fastest-moving London borough for house sales, with properties taking 39, 41 and 48 days to be bought.
It also took 48 days for houses in Havering to be sold, followed by 49 in Bromley, 51 in Sutton and 52 in Enfield.
Greenwich and Newham completed the top 10 boroughs for fast-moving house sales, where residential properties took 54 and 57 days respectively.
The UK
Nationally, Wigan in North West England was the fastest moving market in the UK. Properties spend just 26 days up for sale before being snapped up, due to their closeness to Manchester.
Greater Manchester are Salford was the second-fastest at 27 days, followed by Redditch and Knowsley, on the outskirts of Birmingham and Liverpool respectively.
Gráinne Gilmore, head of research at Zoopla, said: “We have observed the time taken to sell a home changing in many areas during Covid-19 pandemic.
We have observed the time taken to sell a home changing in many areas during Covid-19 pandemic.
“While the number of days it takes between listing a property to agreeing a sale in one of the traditionally fastest-moving moving markets such as Manchester, Liverpool or Sheffield has stayed the same, sellers in some adjacent areas may now see their properties selling just as quickly.
“Buyers will have to move fast but the speed at which this stage of the buying process is moving also means that those looking to take advantage of the Stamp Duty holiday extension will be giving themselves the best chance of doing so.“
Housing market 2020 registers a surge of completions
Amsterdam crowned Europe’s top trading hub, ousting London
London’s economy hit hardest as tourists spending slumps £7.4bn
……………………
FOLLOW US ON SOCIAL MEDIA AND SHARE WTX NEWS WITH YOUR FRIENDS AND FAMILY:
Facebook – Please like our page
Twitter – Twitter updates available in English and Arabic. Please follow us and we would love to hear from you
Instagram – Follow our pages in English and Arabic