On average, sellers accept offers on properties 33 days after first listing them for sale, but one area is recording an average of just 15 days.
Read on to find out more about the UK's fastest markets and the aspects that buyers most commonly search for.
Scotland boasts property hotspots
Zoopla's research shows that the top five fastest property markets in 2024 are all in Scotland.
The house-selling process in Scotland is different to the rest of the UK, as valuations and surveys are provided up front as part of the seller's home report.
The fastest-selling areas in Scotland are as follows:
1. Falkirk
Time to sell: Average asking price:Falkirk, in the Central Lowlands, on the edge of the Firth of Forth, is a popular choice for commuters who work in Edinburgh and Glasgow, thanks to excellent transport links and a blend of traditional and modern housing.
It also boasts green spaces such as Callendar Park and the Falkirk Canal paths.
2. Glasgow City
Time to sell: Average asking price:Glasgow is Scotland’s largest city and a cultural powerhouse, known for its vibrant arts scene, rich history, and iconic architecture. It offers a wide variety of properties, from Victorian townhouses to modern apartments.
3. West Lothian
Time to sell: Average asking price:West Lothian is a regional council between Edinburgh and Glasgow; its towns combine rural living with the convenience of transport links to both cities. Livingston is the largest town in the West Lothian council area, with a population of more than 50,000.
Area | Time to sell (days) | Average asking price |
---|---|---|
Falkirk | 15 | £148,000 |
Glasgow City | 16 | £146,000 |
West Lothian | 17 | £184,000 |
East Renfrewshire | 17 | £254,000 |
South Lanarkshire | 18 | £151,000 |
Fastest selling areas outside Scotland
Looking outside Scotland, three of the top five fastest selling areas are located in the northwest of England.
Properties in Liverpool are selling most quickly, with offers accepted within three weeks after going on the market.
1. Liverpool
Time to sell: Average asking price:Liverpool is a vibrant city, famed for its maritime history and musical legacy as the home of The Beatles. Its iconic waterfront features landmarks such as the Royal Albert Dock and the Royal Liver Building.
Liverpool has a range of property types for sale, from waterfront apartments to Victorian terraces.
2. Manchester
Time to sell: Average asking price:Manchester is known for its industrial heritage and thriving cultural scene. With a population of more than 500,000 people, it has a diverse range of neighbourhoods, from the trendy Northern Quarter to leafy suburbs such as Didsbury.
3. Waltham Forest
Time to sell:Average asking price:Waltham Forest, a borough of Greater London in the northeast of the capital, has a mixture of period properties and new-build developments. Highlights include Walthamstow Village, known for its independent shops and cafes.
Walthamstow has excellent travel links to central London via London Underground – it's on the Victoria line.
The full top five
Area | Region | Time to sell (days) | Average asking price |
---|---|---|---|
Liverpool | North West England | 19 | £159,000 |
Manchester | North West England | 23 | £218,000 |
Waltham Forest | Greater London | 25 | £296,000 |
Salford | North West England | 27 | £204,000 |
Newcastle upon Tyne | North East England | 27 | £161,000 |
What buyers are looking for in a new home
Zoopla also revealed the most popular keywords that buyers use when searching its website.
The top three – freehold, garage and annex – have remained unchanged from 2023.
This year, buyers seem more interested in purchasing cottages, a keyword that has risen from seventh to fourth place. In contrast, interest in sea-view properties has declined, with the keyword falling out of the top 10.
The phrase 'in need of modernisation' has also grown in popularity, climbing 134 places to 53rd. This may suggest a rise in the number of buyers seeking lower-cost 'doer-uppers'.
'Study' was another keyword that surged in popularity, climbing 22 places to 88th.
The table shows the top 10 keywords used by prospective buyers on Zoopla in 2023 and 2024.
Top keyword searches in 2024 | Top keyword searches in 2023 |
---|---|
Freehold | Freehold |
Garage | Garage |
Annexe | Annexe |
Cottage | Acre |
Double Garage | Garden |
Rural | Pool |
Pool | Cottage |
Acre | Rural |
Conservatory | Seaview |
Ensuite | Ensuite |
What's happening to house prices and mortgage rates?
Regionally, prices are rising fastest in the northeast of England, and London is the only part of the UK currently experiencing a year-on-year decline.
Which? Limited is registered in England and Wales to 2 Marylebone Road, London NW1 4DF, company number 00677665 and is an Introducer Appointed Representative (FRN 610689) of the following:
1. Inspop.com Ltd for the introduction of non-investment motor, home, travel and pet insurance, who are authorised and regulated by the Financial Conduct Authority (FCA) to provide advice and arrange non-investment motor, home, travel and pet insurance products (FRN310635). Inspop.com Ltd is authorised and regulated by the Financial Conduct Authority (FCA) to provide advice and arrange non-investment motor, home, travel and pet insurance products (FRN310635) and is registered in England and Wales to Greyfriars House, Greyfriars Road, Cardiff, South Wales, CF10 3AL, company number 03857130. Confused.com is a trading name of Inspop.com Ltd.
2. LifeSearch Partners Limited (FRN656479), for the introduction of Pure Protection Contracts and Private Health Insurance, who are authorised and regulated by the FCA to provide advice and arrange Pure Protection Contracts and Private Health Insurance Contracts. LifeSearch Partners Ltd is registered in England and Wales to 3000a Parkway, Whiteley, Hampshire, PO15 7FX, company number 03412386.
3. HUB Financial Solutions, for the introduction of equity release advice, who are authorised and regulated by the Financial Conduct Authority (‘FCA’) to provide advice and guidance on financial products for those who have retired or are approaching retirement (FCA Firm Reference Number: 455713). HUB Financial Solutions is registered in England and Wales to Enterprise House, Bancroft Road, Reigate, Surrey RH12 7RP, company number 05125701.
4. Alan Boswell Insurance Brokers Ltd (FRN 301), for the introduction of non-investment landlord insurances, who are authorised and regulated by the Financial Conduct Authority to provide advice and arrange insurance contracts. Alan Boswell insurance brokers Ltd is registered in England at Prospect House, Rouen Rd, Norwich NR1 1RE, company number 02591252.
Other financial services:
Mortgage service provided by London & Country Mortgages (L&C), Unit 26 (2.06), Newark Works, 2 Foundry Lane, Bath BA2 3GZ. London & Country are authorised and regulated by the Financial Conduct Authority (registered number: 143002). The FCA does not regulate most Buy to Let mortgages. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
We do not make, nor do we seek to make, any recommendations or personalised advice on financial products or services that are regulated by the FCA, as we’re not regulated or authorised by the FCA to advise you in this way. In some cases, however, we have included links to regulated brands or providers with whom we have a commercial relationship and, if you choose to, you can buy a product from our commercial partners.
If you go ahead and buy a product using our link, we will receive a commission to help fund our not-for-profit mission and our campaigns work as a champion for the UK consumer. Please note that a link alone does not constitute an endorsement by Which?.
source https://www.which.co.uk/news/article/revealed-the-areas-where-homes-sell-in-less-than-three-weeks-aHcKL3y7r7fC