Scots property sales fastest and London slowest, new market data shows

Quick Move Now and Home.co.uk have issued a league table of the best and worst markets in the UK.

Glasgow property

A league table of the places where agents sell property the slowest and fastest has been revealed.

New data from Quick Move Now and Home.co.uk is based on how long properties sit on the market. Scotland tops the list, with Glasgow and Edinburgh taking first and second place, whilst many areas of London continue to see a slow-moving market.

Slowing
Danny Luke, Quick Move Now
Danny Luke, MD, Quick Move Now

Danny Luke, MD at Quick Move Now, says: “The figures, predictably, show a general slowing of the property market. In March of this year, the best place to sell had a typical time on market of just 11 days. Now, that figure stands at 36 days.

“Glasgow had a typical time on market of just 17 days – now that figure has risen to 36 days.”

He says Edinburgh had a typical time of 24 days, and that is now 53 days.

“From the worst places to sell list, Belgravia currently has a typical time on market of 159 days – up from 132 days in March”.

“What we’re seeing now is much more a return to ‘normal’”

Luke says despite the typical time on market being notably longer than it was six months ago, it is still much quicker than pre-pandemic levels for both the best and worst places to sell.

property“In March 2020, before the first Covid lockdown, the best place to sell a property had a typical time on market of 46 days, whilst the worst place to sell stood at 249 days. The figures are now 10 days quicker and 39 days quicker respectively.

“What we’re seeing now is much more a return to ‘normal’. Market conditions in 2021 and early 2022 were never going to be sustainable long-term,” he says.


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