WEYMOUTH and Portland have been named one of Britain’s best property sales hotspots – sellers currently enjoy the best chance of closing a sale in any region of the South West.
With record numbers of people looking to move, sellers across the country have the best chance of finding a buyer now than at any time in the past ten years, according to property website Rightmove.co.uk – which has listed the best hotspots for sellers in all regions of Brittany.
Property experts compared 13 million property listings and tracked the journey of a property offered for sale, until it was marked as sold subject to contract, and found that seven in ten sellers (68% ) across Britain had found a buyer between June 2020 and June 2021 – the highest percentage recorded in a decade.
By comparison, just over half of properties listed for sale managed to find a buyer between 2012 and early 2020, showing just how busy the market has been over the past year.
The table of 11 best property hotspots ranks Weymouth and Portland seventh in Britain – and the highest ranked area in the South West.
The study indicates that 78% of homes listed for sale in Weymouth and Portland between June 2020 and June 2021 have been sold.
The highest success rate was Falkirk in Scotland with 94% of properties on the market sold.
Conversely, sellers in the upmarket London markets of Westminster, Kensington & Chelsea and Camden are having the hardest time finding a buyer.
Rightmove property expert Tim Bannister said: “While the long-term average shows that typically around half of sellers find a buyer, the increase in 2021 reflects the record number of buyers we are seeing on the market. current market due to changing priorities of home movers. »
Previous research has shown that Scotland is often home to areas where sellers are most likely to find a buyer, while London has the least.
However, Tim Bannister explains that as the trend continues, popularity from all parts of Britain is growing.
“With sellers finding buyers faster, real estate agents are operating with limited inventory and they need more homes on the market to satisfy all types of buyers,” he said.