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TODAY'S OTHER NEWS

Over a year - that’s the average time to sell in parts of the UK

Data from an agency comparison website reveals that in the current market it takes well over a year for a home to sell in several parts of the UK.

GetAgent says that across Great Britain as a whole it is currently taking an average of 247 days to sell a home, and across London that figure rises to 286 days.

Specifically the website names the City of London as currently the slowest local market of all, taking 409 days to sell, followed by Islington at 402; then comes Barnet (313), Lambeth (307) and Richmond (305).

Outside of the capital Eden in Cumbria is the slowest where homes take 401 to sell. 

Ceredigion (392 days) and Pembrokeshire (350) are the slowest in Wales.

In southern England, outside of London, Bournemouth is slowest on 324 days to sell, followed by East Devon (319). are also home to some of the longest periods to sell a home so far this year.  

GetAgent’s methodology is to pull data from major portals and to cross-reference with the Land Registry using proprietary algorithms to create what it calls “a comprehensive record of what is selling, where, for how much and how long it’s taking.”

The full tables are below:

Average time to sell based on the first listing online to the point the property is marked sold by the Land Registry.

Great Britain

Location

Average Time To Sell (days)

City of London

409

Islington

402

Eden

401

Copeland

394

Ceredigion

392

Pembrokeshire

350

Bournemouth

324

East Devon

319

Merthyr Tydfil

316

Carmarthenshire

315

Barnet

313

Lambeth

307

Richmond upon Thames

305

Kensington and Chelsea

305

Tower Hamlets

301

Enfield

299

Gravesham

296

Hammersmith and Fulham

296

Epping Forest

295

Kingston upon Thames

293

Great Britain

247

Data Source: GetAgent.co.uk (all sales listed and sold between January 2019 and now.)

London Only

Location

Average Time (listing SSTC/under offer in days)

City of London

409

Islington

402

Barnet

313

Lambeth

307

Richmond upon Thames

305

Kensington and Chelsea

305

Tower Hamlets

301

Enfield

299

Hammersmith and Fulham

296

Kingston upon Thames

293

London

286

Data Source: GetAgent.co.uk (all sales listed and sold between January 2019 and now.)

Poll: Do properties on average take up to a year to sell in your area?

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