Best Places to Sell a Home in England

The property market has seen a significant increase in sales since the reopening in May. Research has revealed that the West Midlands is the fastest moving market in England.

The housing market was temporarily put on hold during the UK lockdown. Some expressed fear that it would affect the markets and could cause a potential crash and recession. However, upon it's opening last May, a pent-up demand showed the market is recovering quickly.

As we've covered in the Metric Journal, the coronavirus pandemic has hugely affected the trends and buying demand of homeowners.

Outdoor space, greenery, and access to public parks have become the most popular choice of Britons after the lockdown. Meanwhile, there is a noticeable decline in demand for cities and flats.

Experts comment that one such reason for the need of space and moving away from cities can be attributed to the rise of remote working. The work-from-home arrangement will be part of many employee's lives for as long as a viable vaccine is not yet available.

All these changes and factors only mean that properties in some areas are more in demand than others.

The Fastest Moving Markets in England

Experts have compared data from property website Rightmove. A comparison between areas has been made between those that have a high proportion of stock with new buyers and those that are struggling to sell. Results show the difference in demand in two factors: those with bigger areas and cheaper prices are being bought quickly by homebuyers.

The study shows that Willenhall in the West Midlands has the fastest moving market in the country. This area has witnessed the quickest sales since lockdown measures were lifted. Research reports that about 55 per cent of newly listed properties have already been bought or have a sure buyer. In the West Midlands, asking prices goes up to £171,506, a far cheaper amount compared to other locations in England.

The slowest moving markets in England were areas with an average asking price of £498,000.

According to the research, these are the fastest moving markets in England:

Willenhall, West Midlands

Runcorn, Cheshire

Walthamstow, East London

Wallsend, Tyne and Wear

Wallasey, Merseyside

Widnes, Cheshire

Sutton-in-Ashfield, Nottinghamshire

Brockley, South East London

Oldham, Greater Manchester

Weymouth, Dorset