Home Property UK’s most in-demand property hotspots revealed

UK’s most in-demand property hotspots revealed

by LLP Reporter
11th Apr 19 12:07 pm

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.

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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.

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Founder and CEO of Springbok Properties, Shepherd Ncube said, “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%
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%

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