Properties in Glasgow are selling in an average of 11 days, three times faster than the national average of 30 days, according to new data from property management software provider Alto.
Worcester and Belfast also rank among the cities with the quickest property sales, with many homes going under offer in less than two weeks. In contrast, Wakefield recorded the slowest sales times, with properties spending twice as long as the national average on the market before offers are agreed.
Flats see significant slowdown
The time taken to agree an offer on flats and apartments has increased by 34% over the past 12 months, rising from 29 days to 39 days. This slowdown comes as the UK housing market remains subdued with weak demand in several sectors.
London matched the national average exactly at 30 days, ranking 21st among the cities analysed in the study.
Riccardo Iannucci-Dawson, Chief Executive of Alto, stated: “The housing market is always fluctuating, and price points, stock levels, improving transport links, and chains all play a part – but what we’re consistently seeing in Glasgow this year is agents who know their patch inside out and price a home right from day one.”
Mark Adams, Managing Partner at G&S Properties in Glasgow, attributed the strength of the Glasgow market to “a chronic undersupply of property at accessible price points and a surge in demand for both urban and rural living.”
Property types show varied performance
Terraced and semi-detached homes emerged as the fastest-selling property types, typically agreeing an offer 26 days after listing. Detached properties require 41 days on average to secure an offer, making them slower to sell than smaller property types.
Retirement and sheltered accommodation properties took the longest to sell at 98 days, followed by park and mobile homes at 96 days. The time taken to sell one-bedroom or studio properties has increased by 31%, from 32 days to 42 days over the past year.
The data reflects wider variations in regional market performance, with differences in pricing strategies and local supply-demand dynamics playing significant roles in transaction speeds across Britain’s cities.
