A town in the Central Lowlands of Scotland has been named as Britain’s quickest market for those with a property to sell.
It takes an average of just 22 days to find a buyer in Scotland’s Falkirk, according to Rightmove.
It is followed by Broxburn in West Lothian, where homes typically find a buyer in 23 days, and Renfrew in Renfrewshire is third at 24 days.
Pictured: The quickest locations in Britain for homeowners to find a buyer have been revealed
Speedy sales: The Scottish town of Falkirk, Stirlingshire, typically attracts homebuyers at the fastest rate
Seven of the top ten quickest locations to find a buyer are in Scotland, where homes typically find a buyer more quickly.
However, these areas are taking longer to find a buyer than a year ago. The average time to find a buyer in Scotland is now 34 days, compared with 22 days last year.
Scotland is the quickest market in Britain, while London takes the longest to find a buyer, with a lengthy average of 65 days.
Pictured: The Scottish town of Uddingston, Glasgow, is among the areas that attracts homebuyers in the quickest time
| Area | Region | Average time to find a buyer (days) | Change in time to find a buyer (days) compared to last year | Average asking price |
|---|---|---|---|---|
| Falkirk, Stirlingshire | Scotland | 22 | 7 | £148,736 |
| Broxburn, West Lothian | Scotland | 23 | 8 | £201,648 |
| Renfrew, Renfrewshire | Scotland | 24 | 7 | £149,970 |
| Uddingston, Glasgow | Scotland | 25 | 12 | £198,229 |
| Clydebank, Dunbartonshire | Scotland | 25 | 4 | £124,584 |
| Larbert, Stirlingshire | Scotland | 25 | 11 | £220,444 |
| Clarkston, Glasgow | Scotland | 26 | 8 | £257,806 |
| Hall Green, Birmingham | West Midlands | 26 | 2 | £291,956 |
| St. George, Bristol | South West | 26 | 9 | £305,515 |
| Walkley, Sheffield | Yorkshire and The Humber | 27 | 7 | £198,637 |
| Source: Rightmove |
Four of the top five areas where homes are taking longer to find the right buyer this year compared with last year are by or within a short distance of the coast.
These includes Ferndown in Dorset, Brixham in Devon and Heysham in Lancashire, according to Rightmove.
By contrast, the areas where homes are finding a buyer more quickly than last year are in the commuter belts of major cities. These include Windsor in Berkshire, Knaphill in Surrey and Cowley in Oxfordshire.
It is currently taking 55 days on average to find a buyer and a further 165 days to complete a sale across Britain.
Pictured: Homes for sale in the district of St. George, in Bristol, typically attract a buyer within 26 days
| Area | Region | Average time to find a buyer (days) | Change in time to find a buyer (days) compared to last year | Average asking price |
|---|---|---|---|---|
| Windsor, Berkshire | South East | 58 | -7 | £581,103 |
| Knaphill, Surrey | South East | 50 | -6 | £466,389 |
| Cowley, Oxfordshire | South East | 68 | -4 | £437,183 |
| Ashington, Northumberland | North East | 42 | -3 | £129,170 |
| Withington, Greater Manchester | North West | 43 | -2 | £341,544 |
| Source: Rightmove |
Homes are taking longer to find the right buyer compared to the hot property market of this time last year.
However, while homes were then finding a buyer in an average of 33 days, today’s market is still quicker than the pre-pandemic March 2019 average of 67 days to find a buyer.
Terraced houses are currently finding buyers fastest at 48 days, while detached houses are taking the longest to sell at 65 days.
| Area | Region | Average time to find a buyer (days) | Change in time to find a buyer (days) compared to last year | Average asking price |
|---|---|---|---|---|
| Ferndown, Dorset | South West | 83 | 61 | £486,700 |
| Bodmin, Cornwall | South West | 92 | 56 | £248,441 |
| Brixham, Devon | South West | 95 | 55 | £345,373 |
| Heysham, Lancashire | North West | 89 | 54 | £199,978 |
| Burntwood, Staffordshire | West Midlands | 72 | 51 | £278,007 |
| Source: Rightmove | ||||
Tim Bannister, of Rightmove, said: ‘The current market conditions will suit more measured movers, who were perhaps put off by the frenetic market conditions of this time last year, when the average time to find a buyer was near a record low.
‘Despite what will feel like calmer conditions, the market is still moving more quickly than before the pandemic started.
‘This latest data reflects current buyer behaviours, with more buyers returning to cities and within commuting distance of an office and the speed of the market easing near the coast, which had seen some of the most frantic levels of activity during the pandemic.”
HOMES FOR SALE IN FALKIRK
We take a look at three properties for sale in Scotland’s Falkirk, which has been named as the fastest selling market for homeowners.
1. Five-bed house, £740k
This five-bedroom house is in Arnothill, Falkirk, and is on the market for £740,000
This detached house is in Arnothill, Falkirk, and is on the market for £740,000 via Nest estate agents.
The property boasts a gated driveway, five bedrooms and a south-facing garden.
2. Three-bed terrace, £169,995
This property in Falkirk boasts three bedrooms and a price tag of less than £170,000
This three-bedroom end of terrace home in Falkirk is on the market for £169,995 via Flakirk Homes Estate Agency.
The property is in a central location, close to the area’s retail park and to Grahamston train station.
3. Four-bed house, £460k
This four-bedroom property in Falkirk is on the market with a price tag of £460,000
This detached property in Falkirk, Sitrlingshire, has a price tag of £460,000 and is being sold by Your Move estate agents.
The property has four bedrooms, three bathrooms and a garage with electric power points for vehicles.
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