LEICESTERSHIRE NAMED ONE OF THE FASTEST AREAS FOR HOUSE SALES
With stamp duty cuts fuelling a boom in the property market, buyers are rushing to complete on homes before the end of the March deadline.
Emoov research reveals that house sales in Leicestershire take, on average, 166 days until completion – meaning offers made today would complete on 10th May 2021.
Right now, the average transaction is taking a sluggish 26 weeks from offer to completion, leaving thousands of property chains in a precarious position. But which parts of the UK are suffering the most?
Taking four years of property transaction data* the research team at Emoov have uncovered the best and worst counties in the UK for a quick home sale. The top five fast-moving counties are all in the Midlands with an average asking price of £222,311 and 116 days from offer to completion, on average.
*from TwentyCi’s Property Homemover Report between March 2016 and April 2020