The fastest sale in Cambridge

The time of sale of the property in Cambridge faster than any other city in the UK. A total of 27 days is the residential real estate market in Cambridge, before their status will change to “sold” .

These are the latest figures given by the property portal Rightmove

For city University are close to the boroughs of Lewisham and Sutton, where the average speed is 29 days , the – Waltham forest, where the property is sold in an average 31 days.

In Warwick the time of sale is 33 days and St. The Alban – 34 days.

The average time of sales in the UK fell to 65 days this year compared to 75 days in the same period last year.

The slowest regions for the sale of real estate was Wales and the Northern part of England where residential property sold on average more than 100 days.

Information provided by various companies that host their ads on the portal Rightmove and changed his status to “sold” for the period from April to June 2014 . Counted date when it was first placed in the property and the time before which the change of status.

And although there are still regions in the UK, where the property is sold very slowly, but in General, all regions showed a recovery of the property market .

Director of the company Rightmove says that there is nothing wrong for the seller, if the object is on the market somewhat longer average selling time. But if time has passed really a lot, you need to review prices and better to present the object, draw the necessary number of photographs from different angles.

In fact that buyers are showing increased interest in Cambridge, is not surprising. The city is famous for educational institutions have always been attractive aspect of Cambridge real estate, recently Cambridge launched a new railway station that will significantly improve connections to the rest of England and London.

Even seasoned market analysts are surprised by the popularity of the Lewisham district of London. Here a crucial role is played by the combination of a well-developed transport infrastructure and relatively low compared to nearby Canary Wharf prices. As a result, over the past year the demand in this area greatly exceeded the supply that influenced both the sales rate and prices.

In other regions of the UK, the situation on the real estate market is just beginning to level off after the crisis and the demand only slightly exceeds supply. In this regard, sellers are not advised to raise the price if they want to quickly sell your house or apartment.

® Helen G. Antre 23.07.2014

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