Underneath Supply Index July 2025

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Underneath Supply Index, July 2025

On this newest version of our Underneath Supply Index, we monitor the place UK properties (excluding Northern Eire), on the market and hire, obtained a suggestion the quickest, and the place it took the longest to achieve a suitable provide.

Properties in Newcastle upon Tyne had been as soon as once more the quickest to go beneath provide with a mean of 35 days. Properties within the quickest transferring markets are promoting faster year-on-year, Newcastle was additionally the quickest market in Q2 2024, at the moment taking two days much less on common to go beneath provide and greater than half (63%) of houses taking simply 30 days.

The pattern of a faster-moving market continues throughout the highest places, with properties promoting not less than two days faster than the areas in the identical positions ilast yr. Crawley jumped to second place, averaging 36 days, from fifteenth place and a mean of 42 days for a similar interval final yr. Sunderland and Swindon each had a mean time of 37 days adopted by Barnsley and Luton with 38 days.

Meanwhie, the seaside city of Blackpool was the slowest transferring gross sales market, according to its place on the backside of the desk final yr. Properties took on common 66 days to get to a suitable provide, even longer than the 60 days it took final yr with lower than 1 / 4 of Blackpool houses (23%) going beneath provide inside 30 days. Distributors in Blackpool are taking 11 days longer to achieve the identical stage within the promoting course of in comparison with these in Blackburn and Slough, that are tied for second from the underside the place it takes 55 days for a property to go beneath provide. London and Nottinghamshire full the 5 slowest areas, each take 52 days.

London gross sales market

In London, Waltham Forest retained its place because the quickest transferring London borough, taking 41 days on common for a property to go beneath provide, though that is slower than final yr’s 37 days. Bexley, with 42 days to go beneath provide, Enfield and Havering, every taking 45 days, and Kingston upon Thames at 46 days, spherical out our top-five fastest-selling London boroughs.

Rectangular images of the towns making up the top six fastest moving sales markets in the UK including Waltham Forest, Bexley, Enfield, Havering and Kingston upon Thames

The Metropolis of Westminster was as soon as once more the slowest London borough, taking a mean of 69 days, in contrast  with 68 days final yr. Kensington and Chelsea taking 68 days, Metropolis and County at 66 days by Hammersmith taking 63 days and Richmond upon Thames with 62 days, full the top-five slowest London boroughs to go beneath provide.

Feedback of gross sales transaction occasions

Navy blue banner with picture of Jason Tebb, President of OnTheMarket, and his title

Commenting on the time taken to obtain a profitable provide,:

“These numbers illustrate why it’s so vital to drill all the way down to the regional knowledge when analysing the housing market as native areas differ considerably throughout the nation. The Underneath Supply Index reveals these shopping for and promoting in Newcastle will discover their native market is transferring significantly sooner than the extra leisurely tempo of Blackpool, so a nationwide common pace to Underneath Supply is unlikely to be of a lot use.

“Many components affect the pace through which it takes to go beneath provide, together with demand and competitors amongst patrons, inventory ranges, pricing and affordability. Sellers who want to pace up the method ought to select a neighborhood property agent rigorously and take their recommendation to make sure their property is listed on the proper worth. Consumers ought to guarantee they’ve their finance organized, have appointed a great solicitor and have discovered a purchaser for their very own house if they want their transaction to maneuver easily with as few delays as potential.”

Navy blue banner with picture of Jess Bates, Property Manager at Curlett Jones Estates, North East

Commenting on Newcastle being the quickest place within the nation to go beneath provide:

“Newcastle is a unbelievable place with a various number of housing inventory which gives nice alternatives for traders and all-important first-time patrons. Having distributors and patrons prepared and ready for going to market helps maintain it vibrant and transferring, which is nice information for everybody.”

Aldershot is the quickest transferring marketplace for leases, whereas Huddersfield, Middlesbrough and Nottingham lag

As with gross sales, the rental market is transferring at completely different paces acros the nation, with some tenants not having lengthy to decide.  On this version of the Underneath Supply Index, that is notably the case in Aldershot in Hampshire, the place on common a property was let inside 15 days of being marketed in Q2 2025. But remarkably that is longer than the identical interval a yr in the past, the place it took solely 14 days to let a property in Crawley. Crawley stays within the prime 5 this yr, then Swindon and Warrington each taking 20 days adopted by Chatham and Plymouth each taking 21 days. If it’s any comfort for tenants, a yr in the past the market was transferring at a good sooner tempo, with the entire prime 5 taking 18 days or fewer to let a property.

Navy blue background with six fastest rental markets in the UK including Aldershot, Crawley, Swindon, Warrington, Chatham and Plymouth

On the different finish of the desk, tenants in Nottingham, Middlesbrough and Huddersfield have a extra leisurely 33 days to make up their minds, whereas in Bradford, Brighton, Coventry, Derby, Leeds, Sheffield and Sunderland it took a mean of 32 days.

London

In London, Bexley, Bromley and Islington are the quickest locations to safe a rental property, taking a mean of 21 days to hire. Bexley and Waltham Forest topped the London desk in Q2 2024, taking 18 days for a property let. Camden and Wandsworth full the highest 5, each taking 22 days on common.

Fastest paced rental markets in London including Bexley, Bromley, Islington, Camden and Wandsworth

In the meantime, on the different finish of the dimensions, the slowest London borough for lettings for the second yr operating was Kensington and Chelsea the place it took 34 days, for a property to be let, in contrast with 35 days for a similar interval in 2024. Harrow taking 32 days, Metropolis of Westminster taking 31 days adopted by Barnet and Brent each taking 30 days to finish the 5 slowest London boroughs.

Feedback on lettings transaction occasions

Navy blue banner with picture of Jason Tebb, President of OnTheMarket, and his title

Commenting on the lettings transaction occasions:

“The Underneath Supply Index reveals the lettings market continues to be extremely aggressive throughout the nation, though in some areas tenants have little or no time to decide, notably in the event that they want to safe the most effective properties.

“With the upcoming Renters’ Rights Invoice set to present extra rights to tenants, there are considerations that this can deter landlords from coming into the sector, which in flip may scale back the variety of rental properties obtainable. This might put much more strain on tenants to make a fast choice if there may be elevated competitors for fewer properties.

“As with these eager to purchase, tenants ought to get to know their native brokers and reply shortly when an appropriate property turns into obtainable, notably in faster-moving markets.”

To seek out out extra in regards to the property market and see what’s obtainable in your space, go to OnTheMarket.com right now.

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