Tuesday, January 26, 2021
Real EstateUK

Bridgend second fastest moving property market in UK


Properties in Bridgend take an average of 24 days to go from listing to being sold

Research by property portal Zoopla has revealed that Bridgend is currently the second fastest moving property market in the United Kingdom.

As buyers rush to capitalise on the stamp duty holiday, the speed of house sales across the UK has been analysed.

The results found that properties in Bridgend take an average of just 24 days to go from listing to being sold subject to contract – the second fastest in the UK and the fastest in Wales.

Falkirk in Scotland is the fastest moving property market in the UK, with properties taking an average of just 20 days from being listed to being sold subject to contract.

Closely behind in the list is Bridgend and its surrounding area, coming out as joint second fastest, its 24 days being matched with the Waltham Forest area of London.

The fastest moving properties in Bridgend are priced between £100,000 and £150,000.

Kate Morgan, the sales manager of estate agent Watts and Morgan at the Bridgend branch says: We have seen tremendous activity in the Bridgend market in the second half of 2020. Purchasers have realised that proximity to the city centres is less important and that working from home is a viable alternative.

Purchasers have taken advantage of Bridgend being equidistant between both Cardiff and Swansea, whilst also offering access to many wonderful parks and stunning beaches including Rest Bay Beach in Porthcawl which has been granted a Blue Flag award, she said.

Kate continues: The lower average prices in the county compared with neighbouring counties mean a buyer’s pound goes further without sacrificing on lifestyle along with recent land transaction tax (LTT) relief being another incentive to purchase. All of which have resulted in new bars and restaurants opening in town centres to accommodate the increase in population.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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