On this newest version of our Underneath Provide Index, with information from July-September, we monitor the place UK properties (excluding Northern Eire), on the market and hire, acquired a suggestion the quickest, and the place it took the longest to achieve a suitable supply.
Rental markets
When taking a look at rental markets, we see a number of new entries to the highest 10. Exeter, Manchester, Cambridge, Bristol, Bournemouth and Southampton have all risen over ten locations to their present positions. Given these are all college cities, the time of yr might clarify these adjustments with college students shifting to their universities to start out the brand new college yr.
Within the London rental market, Wandsworth turns into the fastest-moving borough, rising 4 locations, with “let agreed” reached in solely 20 days. We see three new entries to the highest 10 with Sutton (4th), Southwark (sixth) and Lambeth (seventh). This implies Haringey, Kingston-on-Thames and Lewisham have fallen out of the listing.
Wanting on the backside of the listing, Hounslow and Harrow every take a median of 32 days to achieve ‘let-agreed” whereas Brent takes 31.
Gross sales markets
We had a shock entry on this version, with Burnley launching from forty ninth (out of 54) all the best way to the highest spot, now taking 37 days to achieve Offered Topic to Contract (SSTC).
There have been a number of different massive strikes with Warrington leaping 22 locations to fourth place and Derby leaping from thirty third to sixth. The truth is, solely three of our earlier prime 10 have made a repeat look. Luton now sits at second, up from sixth, Bradford is now fifth, shifting up from ninth, and Sunderland sits at ninth, falling from third.
In London, we see motion throughout the prime 10 with Bexley shifting from second to first, Havering rising two locations to second and Waltham Forest dropping from first to 3rd. We see new entrants to the highest 10, with Newham rising 12 locations to eight and Redbridge rising one place to tenth. This implies we see Enfield and Hackney dropping out of the listing.
In the meantime, on the different finish of the listing, Kensington and Chelsea and the Metropolis of Westminster stay the 2 slowest property markets inside London, taking 84 and 78 days to achieve SSTC respectively.
