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  • Writer's pictureThe Cedar Crest Team

The best towns and cities to buy a property in the UK

Updated: Aug 24, 2021

Learn more about the locations seeing the biggest jumps in asking prices!


There are more Home-Hunters looking to move right now than ever before.


Nearly a quarter (23%) of properties have been selling within a week.


According to Rightmove, the average national asking price of a home has now reached a record high of £327,797, which is five per cent higher than this time last year[1].


So, which towns and cities are seeing the biggest jumps in asking prices?

The data shows that many of the areas with the biggest rises are in the North West region of England.




THE TOP TEN PROPERTY PRICE HOTSPOTS


The average asking prices of all locations in the price hotspot list are below the national average and are expected to see strong price growth continue for the rest of the year, especially as many buyers will be exempt from stamp duty in these areas right up until the end of September.


“The data also shows that in April this year there were 45% more buyers contacting estate agents about properties for sale than in April 2019.”

 


TIPS FOR BUYERS IN A BUSY HOUSING MARKET


With so many homehunters looking to move right now, property viewings are competitive.


Many estate agents are now prioritising physical viewings for buyers who are ready to move forward with a purchase straight away.


The survey also found that almost half of estate agents are asking that a buyer has already had an offer accepted on their home if they want to physically view a property, and just over a third are asking that a buyer at least has their property already on the market.


For first-time buyers, many agents are asking that they first have a Mortgage in Principle before they can view. There is a very real possibility that you could miss out on the home you really want to move to if you haven’t already put your own up for sale, or if you’re a first-time buyer and you haven’t first researched what you can definitely afford.


To put yourself in the best possible position before you request a viewing, it is recommended to get a Mortgage in Principle ready, and to be clear on what the final asking price you can offer is, especially if it is a popular market where the property is likely to go to best and final offers.


 


>> THINKING OF BUYING PROPERTY? <<


Whether you’re buying for the first time or looking to move to another property, our experienced mortgage advisers are on hand to help you. To find out more, contact Cedar Crest Ltd – telephone UK T: +44 (0) 203 883 1017, HK T: +852 6645 4462 – email Info@cedar-crest.co.uk


Your home may be repossessed if you do not keep up repayments on your mortgage.

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