Skip to content

Powered By

UK’s Most In-Demand Property Hotspots Revealed (Q1, 2019)

The latest research by national fast sale estate agency, Springbok Properties, has looked at where across the UK is bucking the wider market trends of Brexit uncertainty to register the highest levels of buyer demand in Q1 of this year.

Using data from the major property portals, Springbok looked at where has seen the largest levels of buyer demand across the UK’s top 200 most populated cities, based on the total ratio of stock listed for sale and that which has already gone under offer or sold subject to contract.

So if 100 properties are listed in total, but 60 have already sold subject to contract or are under offer, this area would score a demand percentage of 60%. A higher demand score indicates higher levels of demand as more properties have left the market as SSTC or under offer.

The data shows that the hottest spot for buyer demand in the UK right now is Falkirk with the ratio of properties listed as sold to those still for sale currently at 65%.

Glasgow ranks as the second hottest spot at 58%, with Sale in Greater Manchester in third (57%) before Scotland continues to dominate with Edinburgh in fourth place (56%).

Dartford in Kent and Dudley in the West Midlands are both home to a buyer demand percentage of 53%, while Bristol ranks in seventh at 52%. Walsall (51%), Sheffield (51%) and Coventry (49%) complete the top 10.

A dismal time for homeowners in Aberdeen continues as not only is it home to some of the largest drops in price, but buyer demand is at just 10%. Stockton, Sunderland, Middlesbrough and Darlington are also amongst some of the worst.

Having been hit by some of the highest levels of buyer uncertainty, it’s no surprise that London ranks as the UK’s sixth least in demand location amongst buyers at just 27%.

Looking at the capital, Bexley continues to remain strong for buyer demand at 51%, along with Barking and Dagenham and Waltham Forest. Westminster is the capital’s least in demand borough at 12% along with Kensington and Chelsea and Camden.

Founder and CEO of Springbok Properties, Shepherd Ncube, commented:

“With Brexit uncertainty taking hold on a national level, it’s interesting to see some of the less conventional areas coming to the forefront where buyer demand is concerned and these areas are certainly benefiting from a more business as usual attitude where home selling is concerned.

We’ve also seen the likes of Bristol weather the storm to remain popular amongst buyers although areas to enjoy similar levels of popularity haven’t been as lucky, with London’s fall from grace evidence of this.

Looking at the capital itself, the more affordable, peripheral boroughs remain in good favour with London home buyers but prime central London, in particular, continues to pay the price of over inflated prices driven by previous market conditions.”

UK’s Hottest Spots
City
Current Demand
Falkirk
64%
Glasgow
58%
Sale, Greater Manchester
57%
Edinburgh
56%
Dartford, Kent
53%
Dudley, West Midlands
53%
Bristol
52%
Walsall, West Midlands
51%
Sheffield, South Yorkshire
51%
Coventry, West Midlands
49%
UK’s Coldest Spots
City
Current Demand
 Aberdeen
10%
Stockton-on-Tees, County Durham
26%
Sunderland, Tyne and Wear
26%
Middlesbrough, North Yorkshire
26%
 Darlington, County Durham
26%
London
27%
Preston, Lancashire
27%
Blackpool, Lancashire
27%
High Wycombe, Buckinghamshire
29%
Newcastle-upon-Tyne, Tyne and Wear
30%
London
Borough
Current Demand
Bexley
51%
Barking and Dagenham
46%
Waltham Forest
45%
Lewisham
43%
Havering
41%
Bromley
41%
Sutton
40%
Hillingdon
38%
Haringey
38%
Greenwich
38%
Kingston upon Thames
35%
Enfield
35%
Merton
34%
Croydon
34%
Redbridge
33%
Harrow
32%
Hounslow
30%
Southwark
29%
Islington
29%
Lambeth
29%
Hackney
28%
Wandsworth
27%
Richmond upon Thames
26%
Newham
26%
Ealing
26%
Barnet
23%
Hammersmith and Fulham
22%
Brent
19%
Tower Hamlets
19%
City of London
18%
Camden
17%
Kensington and Chelsea
13%
Westminster
12%

 

Properganda PR

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy