South East market busiest in the UK

Ryan Bembridge

June 21, 2016

row of houses1

South East properties are changing hands the fastest though London is lagging behind, analysis from Jackson-Stops & Staff suggests.

In the South East 7.5% of privately owned properties are listed for sale which is nearly double the 4.4% UK average.

And 52.7% of those properties are under offer, up from a UK average of 40.9%.

UK asking prices down 2% since Brexit

Comparatively London lags behind with less than a third (32.7%) of homes being under offer, while demand is relatively low in Northern Ireland, North East, Wales and the North West.

City-wise demand in Bristol was the highest as two thirds (67%) of its properties are under offer, followed closely by Northampton.

Nick Leeming, chairman of Jackson-Stops & Staff, said: “Our unique analysis of over 90% of the nation’s market, shows which areas, cities and towns of the UK have the largest number of properties being snapped up by buyers.

“The laws of demand and supply will continue to prevail and the demand built up in these hotspot regions and cities will not suddenly disappear post June 23rd.”