Lewisham properties are second fastest to sell in UK

Lewisham properties are second fastest to sell in UK

Lewisham properties are second fastest to sell in UK

First published in News
Last updated

A survey has shown that properties in Lewisham are selling faster than anywhere else in London - and the second fastest in the country. 

Houses and flats are taking an average of 29 days between being put up for sale and being officially sold, which is the second fastest sale time average in the whole of the UK. 

Only Cambridge properties sell faster with a 27 day average, according to property website RightMove. 

Seven inside the top ten of the fastest-selling areas are London boroughs, with Greenwich, Bexley and Bromley in eighth, ninth and tenth place respectively, all selling their properties in an average of 35 days. 

Rightmove director Miles Shipside explained: "Our study looks at the average time from first listing, to being confident enough in the buyer’s ability to proceed, to actually mark it up as sold subject to contract. 

"This new data shows just how different the pace of the housing market is at a very local level."

Property sale times in the UK have reduced dramatically in the past year, with the top 10 fastest areas cutting their sale times by an average of 35 per cent since last June.

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