30th Nov, 2020

Malvern Hills in bottom 20 in 2019 home-selling league table

THE HOUSING market in the Malvern Hills was sluggish last year according to the latest research into the quickest and slowest areas when it came to selling residential properties.

The district finished in the bottom 20 of towns and cities with homes taking an average of 309 days to sell.

The top three places in the UK throughout 2019 were Bromsgrove (197), Torfaen in Wales (193) and Nuneaton and Bedworth (191).

The figures come from estate agent comparison site GetAgent.co.uk looked at the total average time to sell a home throughout 2019, from the first day it was listed on the property portals until the day it was marked sold by the Land Registry.

The average selling time for a residential property in the UK was 256 days and 295 in London from first listing to completion.

GetAgent.co.uk’s founder and CEO Colby Short said it was clear the ongoing market uncertainty surrounding Brexit took its toll with selling times statistically getting longer towards the end of the year.

He put that down to the usual ‘seasonal slowdown’ as Christmas approached and the December general election.

“However, as always, the UK property market is a patchwork quilt constructed of many different markets, all acting independently with their own levels of demand and rates of house price growth.

“So while the average home seller had no choice but to twiddle their thumbs for almost eight and a half months before completing, for many, this happened much quicker.

“Looking ahead, it’s now clear that December’s election result has spurred an almost immediate market revival and with high levels of activity returning on both the buyer and seller side of the fence, growing momentum should see the time taking to sell reduce substantially over the coming year.”

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