According to analysis conducted by getamover.co.uk using Zoopla data, selling prices in most parts of Scotland tend to exceed the listed prices, indicating fierce competition in the northern Scottish market.
In East Lothian, properties typically sell for £36,708 more than the listed price, while in East Dunbartonshire, Edinburgh City, and East Lothian, this difference amounts to £31,662, £30,627, and £29,456, respectively. These research findings reveal the increasing trend in housing prices in some of the popular areas of the UK real estate market.
David Burrows asserts that regardless of where you choose to settle in the UK, buying a house is expensive, but it's also an excellent investment. This research gives us deeper insights into the most popular regions of the UK and areas where you might find yourself paying significantly more than the original price.
RYAN BEMBRIDGE
He also notes that the best time to buy or sell properties is usually during the spring or summer when the market is active, and the weather conditions are favorable. During these peak periods, properties typically don't need to be discounted.
Interestingly, despite London being the most populous city in the UK, property sales in London are often challenging to surpass the original listing price compared to similarly popular regions like Manchester and Glasgow.
Property prices are also influenced by seasons. Prices tend to be higher at certain times of the year, typically during the summer, especially in July, compared to colder months (mostly post-Christmas), where prices soar. It's found that there are more buyers in the market during the spring and summer, meaning prices don't need to be discounted.
In the English regions, Cambridge stands out as one of the most competitive areas, with an average selling price exceeding the listed price by £31,662. These data reflect the vibrancy of the real estate market and the strong demand in certain areas. It also reminds homebuyers to consider various factors when choosing the timing and location for optimal home buying experience and investment returns.
