Mortgage and Property Investment Magazine Logo

London’s Fastest and Slowest House Sales Markets

by | Feb 24, 2024

Share this article

Professional house buying firm Property Solvers’ speed of sale tool has revealed that it’s taking an average of 17.61 weeks to sell a property across Greater London.

Updated monthly, the latest dataset analysed over 9,269 property sales across the region between February 2023 and February 2024.

The statistics track the moment a property is listed on the UK’s leading property portals to the point it’s marked as officially ‘sold’ at the HM Land Registry.

 
 

As shown in the table below, properties were selling the fastest in London (E3), London (E4) and Waltham Cross (EN7) adopting a minimum number of 35 property sales in a given area.  In the top 10 areas, Property Solvers revealed that homes took 106.20 days (15.17 weeks) to sell on average.

Greater London’s Fastest Areas to Sell a Property (February 2023 to February 2024)
AreaPostcodeAverage No. of Days to SellNo. of Properties
LondonE310237
LondonE410355
Waltham CrossEN710345
TwickenhamTW110450
LondonSW6105103
HarrowHA310639
NorthwoodHA610648
Woodford GreenIG811035
LondonW711135
LondonSE2511243

Homes were selling the slowest in the Watford (WD19), London (SE26) and Swanley (BR8) postcodes (also sampling a minimum data set of 35 property sales).  In the bottom 10 postcodes, the data showed that properties were taking 138.60 days (19.80 weeks) to sell on average.

Greater London’s Slowest Areas to Sell a Property (February 2023 to February 2024)
AreaPostcodeAverage No. of Days to SellNo. of Properties
WatfordWD1914750
LondonSE2614240
SwanleyBR813948
EnfieldEN113966
LondonSE1313853
LondonSE1813842
MitchamCR413750
LondonSW213670
LondonSW18135160
Worcester ParkKT413551

Ruban Selvanayagam of Property Solvers commented: “whilst we’re starting to see some noticeable improvements into 2024, the continued pressures on the mortgage sector and buyers’ ability to secure the right kind of finance has resulted in delays with sales completing,”

 

The co-founder of the Greater London sell house fast company concludes: “combined with the recognised ‘snail pace’ nature of the conveyancing process, it’s likely that these trends are likely to remain for some time.” 

Share this article

Related articles

Sign up to the Mortgage and Property Newsletter

Trending articles

IFA Talk logo

IFA Talk Mortage and Property is the new addition to the IFA Talk podcast family, where we discuss the latest topics relevant to Mortgage and Property professionals.

IFA Talk Mortgage & Property Podcast