Falkirk tops list as the UK's fastest moving property market
It seems people cannot wait to move into houses in the Falkirk area as new figures from Zoopla show it has beaten Waltham Forest in London into second place.
According to Zoopla, homes in the Falkirk area take an average of just 20 days to be sold from the time they are placed on the market, while properties in Bridgend in Wales and Waltham Forest in London take an average of 24 days.
Richard Day, senior valuer at Falkirk’s Slater Hogg and Howison, said: “I can’t comment on the properties elsewhere in the UK. but the market here in the Falkirk area is extremely buoyant at the moment.”
Tom Parker, consumer spokesman at Zoopla, said the current stamp duty holiday is helping to boost activity.
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He 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.”
According to Zoopla the types of properties which tend to sell the fastest include three-bedroom, semi-detached properties and homes in the £100,000 to £150,000 price range are also selling quickly.
The survey shows properties in the south of England are taking much longer to sell, with only three local authorities in that area making the top 20.
Alongside Waltham Forest, Bristol and Dartford were the only other southern locations to make the list.
Here are the top 20 fastest-moving property markets according to Zoopla, and the average number of days to sell:
1) Falkirk, Central Scotland (20); 2) Waltham Forest, London (24); 2) Bridgend, Wales (24); 4) Liverpool, North West (25); 5) Salford, North West (26); 6) Sheffield, Yorkshire and the Humber (27); 6) Redditch, West Midlands, (27); 8) Bromsgrove, West Midlands (28); 8) Walsall, West Midlands (28); 8) Stoke-on-Trent, West Midlands (28); 8 Leeds, and Yorkshire (28); 12) Bristol, South West (29); 13) Dartford, South East (30); 13) Nottingham, East Midlands (30); 15) Oldham, North West (31); 15) Gedling, East Midlands (31); 15) South Staffordshire, West Midlands (31); 15) Mansfield, East Midlands (31); 15) Trafford, North West (31); 15) Manchester, North West (31).