Swindon among best places for home-sellers
By Barrie Hudson - 30 March 2021
CommunityBusinessHome and Garden
Swindon has been named third best place in England and Wales to sell a home.
The average time for a home to be on the market for the whole of England and Wales is currently 113 days.
However, according to a survey commissioned by home-buying firm Quick Move Now and property search company Home.co.uk, in Swindon the average time is currently 54 days.
This puts the town in third equal place with Gloucester and behind only Bedford at 53 days and Rochester at 52.
In London, usually associated with a thriving property market, sales are more sluggish, with corresponding periods in various districts ranging from 190 days in Bloomsbury to 272 in Mayfair.
Danny Luke, Quick Move Now’s managing director, said: “It has been well-documented throughout the last year that London’s prime property market has struggled, and that can clearly be seen in these time on market figures.
“Over the last year, we have seen an exodus out of the capital. Increased home-working has given homeowners looking for more space the flexibility to widen their search area and get more square footage for their budget.
"This, added to the loss of international visitors, has had a big impact on prime London residential property, and homeowners looking to sell are faced with a challenging market.
“At the other end of the spectrum, we can see the positive impact the stamp duty holiday has had on keeping the property market ticking over.
"Typical time on market for the whole of England and Wales is currently 113 days – just two days more than in March 2020, which is impressive considering what the economy and the property market have been through over the last 12 months.
"This time last year we were expecting covid-19 to have a devastating impact on the UK property market, but thankfully that doesn’t seem to have materialised.
"I am hopeful that the government’s new range of 95 percent mortgages will continue to bolster the market beyond the end of the extended stamp duty holiday, and we continue to see a strong, healthy property market in the coming months.”