Despite some media headlines, some areas are selling properties faster than they did last year

According to Zoopla's latest research, Liverpool is currently the fastest moving property market in the UK, with offers being agreed just 12 days after listing a home for sale.

Zoopla also say that several other major cities are now among some of the fastest moving markets in the UK, as the trend for rural and coastal areas comes to an end. These include Birmingham, Manchester, Newcastle, Bristol and Cardiff.

Despite all the doom and gloom about the property market since the mini budget last September, it's clear from this data, which covers the timings October to December 2022, that some areas are seeing properties selling faster than they did in the previous year.

This research is further evidence of how essential it is for buyers, sellers and investors to focus on local market trends and individual property analytics to try and understand whether now is the right time to buy or sell irrespective of what's happening to average property prices.


Summary of Zoopla's findings:

• Homes in Liverpool, Birmingham, Manchester and Newcastle are selling in 15 days or less - all at least two days faster than last year on average.
• Meanwhile, unaffordable markets are feeling the greatest impact of high mortgage rates, with more households priced out of moving and demand levels dropping. This lengthens sale times and can be seen in markets such as Plymouth, Exeter and Gloucester falling off the list since July 2022.
• Two and three bedroom terraced homes are selling the fastest in more of the hot markets, including in Dartford, Swindon, Ipswich and Bristol.
• In Liverpool and Manchester, one bedroom flats sell the quickest.
• It’s a similar story in the South of England. One bedroom flats are selling the quickest in South Gloucestershire along with two bedroom flats in Gravesham.
• In affordable commuter spots - like Bury and Basingstoke - and smaller cities - like Hull and Barnsley - two and three bedroom semi-detached properties are selling the quickest.
• The £100,000 to £150,000 price band is where homes are being snapped up the quickest in the North West, including in Manchester, Bury, Knowsley, Trafford and Wigan.
• Liverpool, Bristol and Coventry are among the areas where homes worth £150,000 to £200,000 sell the fastest.
• Homes worth £350,000 to £400,000 sell the fastest in Gravesham and Rushmoor, while properties in the £400,000 to £450,000 range sell fastest in Worthing.

To find out the 30 fastest moving property locations in the UK, and which types of property are selling the fastest - read Zoopla's full article here.

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