Properties in Bristol and Edinburgh sell fastest in the UK

singHomes in Edinburgh and Bristol sell the fastest in the UK. According to the to the latest city rate of sale report from Post Office Money Mortgages, house price hotspots Brighton and London have seen the sharpest increase in the typical time that properties spend on the market, taking more than 20% longer to sell.

John Willcock, head of mortgages at Post Office Money says: “While house prices continue to rise across the country, for eager sellers it is important to remember that this might not give you the full picture or any guarantee of a successful sale, particularly as the local housing supply responds accordingly. Even property hotspots such as London are not necessarily guaranteed to sell quickly. Despite this rising price, the pressure on the housing market has softened recently, with falls in both demand and supply.  In the final months of 2016 and in to the new year we can expect this slowdown to intensify, with economic uncertainty from the UK’s decision to withdraw from the European Union adding to the current pressures faced across the market. As a result, some local property markets could be impacted significantly as weaker demand coincides with more properties coming onto the market as seen in London over the past 12 months.”

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