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The best and worst places to sell your home in Britain

Scotland is the best place to sell your home quickly in Britain, with homes in some parts of the country taking less than four weeks to go under offer, according to a new report.

Zoopla found Edinburgh and Falkirk have the fastest-moving property markets in Britain, with homes in the two locations getting snapped up in just 27 days.

This is against Scotland’s average of 42 days and a nationwide average of 56 days.

Across the UK, average selling times by region are:

  1. Scotland, 42 days
  2. West Midlands, 46 days
  3. East Midlands, 47 days
  4. Yorkshire and the Humber, 54 days
  5. South-west England, 56 days
  6. North-west England, 57 days
  7. East of England, 59 days
  8. Wales, 60 days
  9. South-east England, 61 days
  10. North-east England, 67 days
  11. London, 70 days

Scotland, where the average home costs £192,147, dominated the fast movers, taking the top four spots. Glasgow, where properties sell in about 31 days, and Stirling, where they go in 32, come in second and third, respectively.

And in Cardiff and Coventry, sellers manage to get rid of their homes in about 37 days.

The fastest-moving towns and cities in Britain are:

  1. Edinburgh and Falkirk (tied), 27 days
  2. Glasgow, 31 days
  3. Stirling, 32 days
  4. Cardiff and Coventry (tied), 37 days
  5. Newport, 40 days
  6. Nottingham and Birmingham (tied), 41 days
  7. Birmingham, 41 days
  8. Mansfield, 42 days

“The key is to get your pricing correct, meaning the best way to sell your home quickly is to ask for its true value given the current market,” Annabel Dixon, a spokesperson for Zoopla, said. “Over-priced homes won’t shift and may have to be discounted and on the flip side nobody wants to sell for less than their property is worth.”

At the other end of the scale, Blackpool has the slowest property market in Britain. Homes in Blackpool typically take 71 days to go under offer, Zoopla found.

However, London was hot on its heels. Properties in the capital remain listed for about 70 days before an offer is made, reflecting the subdued state of its housing market and stretched affordability, with the typical property costing £659,660.

Newcastle has the third-slowest property market, with homes taking an average of 68 days to sell, followed by Hemel Hempstead at 65 days. Homes in Bradford and Reading both took 64 days to sell.

The slowest moving towns and cities:

  1. Blackpool, 71 days
  2. London, 70 days
  3. Newcastle-upon-Tyne, 68 days
  4. Hemel Hempstead, 65 days
  5. Bradford and Reading (tied), 64 days
  6. Preston, 63 days
  7. Telford, 62 days
  8. Doncaster, 60 days
  9. Swansea, 59 days

By  Abigail Fenton

Source: Yahoo Finance UK