Property buying specialist, HBB Options, has revealed that whereas many homesellers are benefitting from manic market circumstances and loads of purchaser curiosity, Britain’s least liked properties have been in the marketplace for years – the longest since 2010 (over 4,300 days).
HBB Options analysed property inventory on Rightmove to seek out the properties that had been listed the longest throughout every space of the nationwide market.
The property market is on fireplace and over a million properties had been bought in 2021, with the typical vendor securing a purchaser in simply 33 days in keeping with Rightmove. However as is all the time the case with the property market, topline developments sadly don’t apply for everybody.
So spare a thought for these promoting Britain’s least liked properties, who’ve been listed on Rightmove since 2010 in some circumstances.
The longest in Britain and the North East area is a two mattress terraced residence in Durham, initially listed on thirteenth July 2010 – over 4,300 days in the past!
This two mattress condominium in Dickens Heath wasn’t listed lengthy after, hitting the market on twenty first October 2010, making it the longest listed residence within the West Midlands having been in the marketplace for over 4,200 days.
London’s longest itemizing, a one mattress condominium in Edgware, has been stagnating since 2011, whereas within the North West this two mattress terrace was first listed in 2012 – practically 3,800 days in the past.
The least liked residence within the East Midlands has been in the marketplace since 2013, whereas in Wales, Scotland and the South East the longest standing properties on the lookout for a brand new purchaser have been in the marketplace since 2014.
Within the South West, this 9 mattress indifferent residence was first listed in 2016, as was this one mattress flat in Yorkshire and the Humber.
Lastly, this finish of mattress terrace home within the East Midlands was first listed again in 2017, over 1,700 days in the past.
Managing Director of HBB Options, Chris Hodgkinson, commented: “It’s fairly exceptional that in a market struggling for inventory to fulfill such heightened purchaser demand, there are properties which have sat dormant on-line for over a decade with out managing to promote.
This may be for a spread of causes. They could be priced too excessive, they might be a bit out of the unusual or an acquired style, or they might be far too giant for the typical purchaser. They could even be ghost properties that brokers have did not take away, both accidentally, or to bump up their itemizing numbers.
Regardless of the motive, these seeking to promote for such a prolonged time frame might wish to think about the short sale route. Whereas they might have to regulate their value expectation, utilising an expert property buying platform will enable them to get bought in a shot and relieve them of the title of certainly one of Britain’s least liked properties.”