NEW data reveals that Newport is one of the best places in Wales, and the UK, to sell a house.
The data, released by Quick Move Now and home.co.uk, is taken from hundreds of thousands of online property listings and shows the ten best and worst places to sell a property in England and Wales, based on typical time on market.
Properties in Newport typically spend just 56 days on the market. Mayfair in London, at the other end of the scale, is the worst place to sell a property with homes typically staying on the market for 261 days.
The median time on market for the whole of England and Wales is currently 77 days.
Danny Luke, Quick Move Now’s managing director, commented: “The property market in Wales, especially the south of the country, has boomed over the last year.
“Now that lots of workers have greater freedom to work from home, many are seeking a better quality of life and finding it in Wales.
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“Cheaper property prices, great transport links, easy access to breath-taking beaches and several areas of outstanding natural beauty mean that towns and cities along the M4 corridor are selling particularly quickly.
“Strong demand and limited supply mean that prices are continuing to rise, which is good news for those with a property to sell but not such welcome news for those struggling to get a foot on the ladder.
“What the next few months holds for the property market will depend largely on stock levels. If stock levels remain low and demand continues to outstrip the volume of properties available, homes in desirable areas will continue to sell quickly and prices will remain at their current levels or even continue to rise, albeit at a slower pace.
“Should demand slow once furlough and the stamp duty holiday come to a complete stop, we’re likely to see prices begin to level off and we may even experience a slight price correction.”
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