Sunderland

Sunderland named slowest-moving property market



Sunderland has been named the slowest-moving property market in the UK, according to a recent study.

The research conducted by online estate agents HouseSimple.com found that almost three in 10 properties (28.5%) currently advertised for sale in Sunderland were first listed at least six months ago.

Liverpool (24.9%), Bradford (19.8%), Middlesbrough (19.8%) and Newcastle (18.6%) made up the five slowest property markets in the UK, based on the length of time properties have remained unsold.

The online estate agents looked at the property listings in 50 major UK towns and cities, and the percentage of the listings that were at least six and 12 months old.

The figures highlighted that 12.5% of properties listed across the UK were at least six months old, and the five slowest-moving property markets were all located in the North of England, with three out of the five in the North East.

The fastest-moving property market was Belfast where less than 2% of current property listings were at least six months old.

The slowest-moving property markets in the UK:

 

The fastest-moving property markets:

 

The slowest-moving property markets in London:

The fastest-moving property markets in London:

Alex Gosling, CEO of HouseSimple.com, said: “Across the 50 towns and cities we looked at, the length of time it’s taking for properties to sell appears to be falling.

“Eight months ago – when we carried out the same research – 13% of properties listed had been on the market at least six months.

“That figure has now fallen to 12.5%.

“Similarly, in London, we’ve seen a 1.8% drop since March.”


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