UK's fastest selling property market revealed
A place where it only takes around two weeks to sell your house might seem like a fantasy but that is exactly what is happening in the small town of Carluke, Scotland, where sellers are finding a buyer in an average of 15 days.
That makes the town in Lanarkshire the fastest selling market this year across Great Britain, with an average asking price of £170,468, according to property platform Rightmove (RMV.L).
Following closely behind, Giffnock in Glasgow sees properties finding buyers within an average of 16 days, while nearby Uddingston takes 17 days. Both towns benefit from their proximity to central Glasgow, making them attractive options for commuters.
In comparison, the average time to find a buyer across the UK is 60 days.
All 10 of the quickest-selling locations are situated in Scotland, with sellers enjoying faster sales than they did a year ago. The average time to find a buyer in Scotland has risen slightly to 33 days, compared to 32 days in 2022, solidifying its status as the quickest market in the country.
In contrast, the East Midlands languishes at the bottom, with an average of 67 days to secure a buyer.
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Nine of the 10 slowest markets are coastal towns, including Brixham in Devon and Minehead in Somerset.
In London, the fastest-selling markets are found further from the city centre. Walthamstow, Stoke Newington, and Dagenham are currently leading the pack, driven by well-connected transport links and relatively affordable prices.
On the other hand, premium central locations such as Knightsbridge, Chelsea, and Victoria are experiencing longer sales times, with Knightsbridge slowing by 24 days compared to last year to an average 135 days — a trend likely influenced by its high price point and a limited pool of mass market buyers.
It takes an average of 108 days to sell a property in Chelsea and 100 days for homes in Victoria to find a buyer.
Across Great Britain, terraced houses are selling at the quickest rate at an average 51 days, while detached homes are taking the longest, averaging 73 days.
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Tim Bannister, property expert at Rightmove, said: “Carluke has once again secured the title of the fastest market in Great Britain, showcasing the enduring speed of sales in this part of Scotland.
"The popularity of Giffnock and Uddingston indicates a strong demand for accessible yet spacious living.
"Meanwhile, in London, commuter areas like Walthamstow and Dagenham lead in sales speed, contrasting sharply with the slower-moving luxury markets of Knightsbridge and Chelsea, which operate at a different pace altogether.”
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