The best and worst places to sell a property in England and Wales revealed

first_imgHome » News » Housing Market » The best and worst places to sell a property in England and Wales revealed previous nextHousing MarketThe best and worst places to sell a property in England and Wales revealedNew survey shows the areas with the shortest – and the longest – times to go through to sale, with Rochester the best place to sell.Richard Reed1st April 20210715 Views The best and worst places to sell a property in England and Wales have been revealed in a new survey.Rochester tops the list as the best place to sell, with a typical time on market of just 52 days. London, at the other end of the scale, is home to all ten locations with the longest time on market, according to the figures released by and Luke, Quick Move Now’s managing director, said: “It has been well-documented throughout the last year that London’s prime property market has struggled, and that can clearly be seen in these time-on-market figures.“Over the last year, we have seen an exodus from the capital. Increased homeworking has given homeowners looking for more space the flexibility to widen their search area and get more square footage for their budget.“This, added to the loss of international visitors, has had a big impact on prime London residential property, and homeowners looking to sell are faced with a challenging market.”Stamp Duty impactHowever, the positive impact of the Stamp Duty holiday is clearly visible at the other end of the market.“Typical time on market for the whole of England and Wales is currently 113 days – just two days more than in March 2020, which is impressive considering what the economy and the property market have been through over the last 12 months,” adds Luke.“This time last year we were expecting COVID-19 to have a devastating impact on the UK property market, but thankfully that doesn’t seem to have materialised.“I am hopeful that the government’s new range of 95% mortgages will continue to bolster the market beyond the end of the extended Stamp Duty holiday, and we continue to see a strong, healthy property market in the coming months.”Best places to sell worst places to sell housing market April 1, 2021Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more