This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-46219904
The article has changed 5 times. There is an RSS feed of changes available.
Version 2 | Version 3 |
---|---|
Properties 'taking longer to sell' | Properties 'taking longer to sell' |
(34 minutes later) | |
Properties are taking longer to sell than a year ago, analysis suggests, at an average of more than three months in urban areas of the UK. | Properties are taking longer to sell than a year ago, analysis suggests, at an average of more than three months in urban areas of the UK. |
Homes in cities and major towns were on the market for 102 days on average before being sold or put under offer. | Homes in cities and major towns were on the market for 102 days on average before being sold or put under offer. |
This was six days longer than in 2017, according to the Centre for Economics and Business Research (CEBR). | This was six days longer than in 2017, according to the Centre for Economics and Business Research (CEBR). |
Selling periods ranged from an average of 39 days in Edinburgh to 131 days in Blackpool. | Selling periods ranged from an average of 39 days in Edinburgh to 131 days in Blackpool. |
Completion of the deal may take a lot longer than this, owing to legal requirements and the practicalities of moving dates. | Completion of the deal may take a lot longer than this, owing to legal requirements and the practicalities of moving dates. |
The research for Post Office Money found that properties in Glasgow also sold quickly, at an average 48 days. | The research for Post Office Money found that properties in Glasgow also sold quickly, at an average 48 days. |
Belfast and Swansea recorded the biggest fall in the time properties spent on the market - at 17 and 14 days less respectively than last year. | Belfast and Swansea recorded the biggest fall in the time properties spent on the market - at 17 and 14 days less respectively than last year. |
In contrast, properties in Bristol and Luton were taking 10 and 14 days longer respectively to sell than last year. | In contrast, properties in Bristol and Luton were taking 10 and 14 days longer respectively to sell than last year. |
Homes in London, where the market has slowed considerably recently, took an average of 126 days to sell. | Homes in London, where the market has slowed considerably recently, took an average of 126 days to sell. |
The report suggested affordability constraints had hit demand in these areas, leading to longer selling times. | The report suggested affordability constraints had hit demand in these areas, leading to longer selling times. |
How long did it take to sell your property? Have you faced any delays? Tell us about your experiences by emailing haveyoursay@bbc.co.uk | |
Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: |
Or use the form below: | Or use the form below: |