Key takeaways:
- Bristol holds first place with the lowest number of days to sell a house (51)
- In areas like Hull, Swansea and Liverpool, properties may be on the market for around 100 days before changing hands
- The average time on the market for properties in London is 89 days
We have previously written about the average time to sell a property in each region, detailing the average number of weeks it took to sell a house across the country. This week, we decided to take a closer look at the market activity, zooming in on specific UK cities instead of regions and the number of days to sell instead of the number of weeks.
The table below details the number of days to sell a house in each UK city.
| City | Number of Days on the Market | Average Prices |
| Bristol | 51 | £252,107 |
| Edinburgh | 53 | £240,978 |
| Glasgow | 56 | £117,795 |
| Southend | 65 | £249,141 |
| Portsmouth | 67 | £190,579 |
| Derby | 69 | £144,551 |
| Sheffield | 71 | £148,551 |
| Brighton | 72 | £342,959 |
| Norwich | 72 | £190,883 |
| Nottingham | 74 | £122,772 |
| Manchester | 77 | £149,914 |
| Stoke-on-Trent | 79 | £102,877 |
| Leeds | 80 | £166,303 |
| Birmingham | 80 | £159,732 |
| Plymouth | 80 | £165,442 |
| Cardiff | 87 | £189,419 |
| London | 89 | £472,204 |
| Newcastle | 96 | £154,477 |
| Belfast | 96 | £118,894 |
| Hull | 98 | £102,079 |
| Swansea | 100 | £133,459 |
| Liverpool | 108 | £119,933 |
Source: published in October 2016
Graph created by Property Moose using data published in October 2016.
Bristol holds first place in the table, with the average number of days to sell a house in the city averaging around 51 days. It’s worth noting that this is impressively lower than the fastest ever recorded national average time to sell a property. In May 2016, according to Rightmove, it took 57 days on average to sell a house in the UK. (16) This national peak was still 6 days longer than Bristol’s day-to-day average. Not only does this data support the fact that Bristol’s housing market has consistently outperformed UK averages, but it also highlights that Bristol’s housing market has outperformed UK peaks. We believe the popular demand for properties in Bristol is a testament to the city’s potential.
On our platform, you currently have the opportunity to invest in a 10% net p.a. secured fixed return loan note, which will help enable the purchase, development and sale of a mixed-use site in Bristol. Located in the heart of the Montpellier area of Bristol, the property is close to local amenities, such as Tesco Express, Boston Tea Party and The Social (PH), with strong road links and bus routes to the city centre. The area’s vibrant, artistic scene has rendered it to be popular amongst young professionals working in the city. Punctuated by independent shops, we believe the area’s atmosphere is thriving, creative and in demand.
The developer has been liaising closely with the local planning office and, subject to the approval of additional planning permission (currently submitted and pending) there is further scope for an increase in GDV for the scheme.
Written by Jenna Kamal
Disclaimer and Legals
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