Rotherham and Knightsbridge are 'the worst places to sell a house in the UK'…but homeowners in Rainham, Kent can shift their properties in just 87 days
- Among the worst are affluent areas like Mayfair, Soho and Knightsbridge
- Quick Move Now director Danny Luke says London's market is suffering
- Houses in worst places to sell can take up to 279 to shift properties
- Among best places are Rainham, Swindon, Bristol and Northampton
Rotherham and Knightsbridge have been named as the worst places to sell a house in the UK, according to new figures.
Homes in both northern working class towns and rich London boroughs take longer to sell than anywhere else in the country, according to a new industry guide compiled by home buyer Quick Move Now and search site Home.co.uk.
The worst of those can take nearly 279 days to get rid of a house or a flat compared to just 87 days in the quickest-selling regions of Britain such as Rainham, Swindon and Bristol.
Homes in both northern working class towns and rich London boroughs take longer to sell than anywhere else in the country
Their list of the top 10 worst places to sell include Rotherham, Mayfair, Knightsbridge and Shields.
In Rotherham, the worst of all, it takes an average of 279 days to sell a property followed by 277 in Knightsbridge.
The top 10 list also includes affluent Mayfair, Marylebone in London and Sunderland as prices start to fall and the buy-to-let market in the capital stagnates.
A map showing the areas with the slowest and fastest selling homes in the UK
These periods are the time from going on the market to accepting an offer taking into consideration surveys, conveyancing and other legalities that add days to a deal being completed.
The fastest places in England and Wales for sales were topped by Rainham in Kent, where properties sell after just 87 days on average.
In Rotherham, the worst of all, it takes an average of 279 days to sell a property followed by 277 in Knightsbridge
Apartments in Knightsbridge are among the slowest to sell. These periods are the time from going on the market to accepting an offer taking into consideration surveys and conveyancing
It takes an average of 277 days to sell a house in Sunderland
Followed by a property in the affluent Mayfair, which sell at an estimated of 272 days
Houses in North Shields are no.5 on the list. The next three places on the list are Bristol, Strood and Swindon, all selling in average of within 90 days
In Bristol, it takes an average of 88 days to sell a house. Other fast sellers are Strood, Swindon and Northampton
The next three places on the list are Bristol, Strood and Swindon, all selling in average of within 90 days.
'The longer a property spends on the market, the more likely it is to end up being sold for less than the asking price,' said Quick Move Now director Danny Luke.
Homes that sell in just two weeks will get their asking price, after four weeks it drops to around 98 per cent of the asking price, then to 96 per cent after eight weeks and below 94% after three months.
Swindon is among some of the fastest selling in the UK. 'The longer a property spends on the market, the more likely it is to end up being sold for less than the asking price,' said Danny Luke
Houses in Strood are among some of the ones that sell the fastest. Homes that sell in just two weeks will get their asking price, after four weeks it drops to 98 per cent of the asking price
Luke said: 'Historically, there has generally been a clear north-south divide between the best and worst places to sell.
'However, that divide seems to be a thing of the past. Even London's once seemingly untouchable market is suffering.'
Homes selling for millions in more affluent areas like Knightsbridge have seen prices fall and stabilise because of tighter tax regulations and the current economic uncertainty, meaning these homes are much less likely to sell quickly.
Most watched News videos
- Terrifying moment driver overtakes van and narrowly avoids crash
- Russian plane spiralling out of control crashes in sea in Crimea
- Camilla hands out gifts at Royal Maundy ceremony on behalf of King
- Queen Camilla greets children after traditional Maundy service
- Starmer and Rayner embrace as they launch election campaign
- Three men seen running out of Beckenham station after knife attack
- British man fighting for Putin posts video from Russia online
- 'Satan took over me': Hamas terrorist confesses of raping woman
- Hilarious moment King's Guard shout 'make way' at pigeons in London
- Tourist is filmed napping in his tent on the beach with a crocodile
- Police carry slingshots to defend themselves against crazed monkeys
- Police tape off Kennington station after 'multiple stabbings'