• Make a contribution
  • Get the Print Edition
  • Sign up for our daily newsletter
Friday, May 23, 2025
  • Login
Reading Today Online
  • HOME
  • YOUR AREA
    • All
    • Caversham
    • Central Reading
    • East Reading
    • Katesgrove
    • Reading
    • Southcote & Coley
    • Tilehurst & Norcot
    • Whitley

    Ex-police officer and comedian Alfie Moore bringing new show to Town Hall

    Tickets for RABBLE’s William The Conqueror on sale on Saturday

    Cllr Alice Mpofu-Coles elected as Mayor of Reading

    Workers ‘optimistic but overwhelmed’ about AI, new research shows

    European Movement in Berkshire welcomes news of a UK/EU ‘relationship reset’

    Council announces fresh wave of cost of living support

    Knife crime in Thames Valley down nearly 10% last year, ONS figures show

    Nearly 100 singers raised their voices for women’s health

    TK Maxx moves to The Oracle, gives customers the chance to win a gift card

  • COMMUNITY
  • READING FC
  • SPORT
    • All
    • Basketball
    • Football
    • Rugby

    Former Reading FC manager Ruben Selles linked with League One job

    Four in a row for BAPCO

    Reading fans – you can finally dare to dream again

    Rob Couhig reveals new Reading FC CEO following takeover

    It’s a podium streak for Wokingham racing star Bobby with a win at Silverstone

    Rams RFC celebrate at end of season ball

    Lewis hits brilliant century to see Berkshire CCC beat Buckinghamshire

    ‘Without you, there would be no club’: Defender sends farewell message to Reading FC fans

    Style and splendour returns to Newbury

  • ENTERTAINMENT
    • ARTS
    • READING FESTIVAL
    • READING PRIDE
    • WOKINGHAM FESTIVAL
  • PRIDE OF READING
  • OBITUARIES
  • JOBS
  • ADVERTISE
  • CONTACT US
No Result
View All Result
Reading Today Online
No Result
View All Result
Home Business

Reading in top 20 for house sales

Andrew Batt by Andrew Batt
Wednesday, October 4, 2023 6:56 am
in Business, Featured, Property, Reading
A A
Reading is one of the best places in the UK for house sales.

Reading is one of the best places in the UK for house sales.

Share on FacebookShare on Twitter

Reading has been named as one of the best places to sell property in the United Kingdom.

New figures released by Quick Move Now and Home.co.uk have revealed the best and worst places to sell a property in the UK, based on how long properties sit on the market.

Reading features in the list of best places to sell, with properties in the town typically sitting on the market for 66 days.

Glasgow tops the list of best places to sell, with typical time on market of 36 days. At the other end of the market, many areas of London continue to struggle.

Danny Luke, Quick Move Now’s managing director, said: “The figures, predictably, show a general slowing of the property market. In September 2022, Reading had a typical time on market of 54 days. Now, properties in the town typically sit on the market for 66 days.

“This is a trend that is repeated throughout the UK.

Related posts

Woman in her seventies sexually assaulted on bus in Reading

Boy sexually assaulted in Reading, police release e-fit

Reading man fails to appear in court on charge of burglary

Young man and woman attacked by group of teenagers in Reading robbery

“In March 2023, the best place to sell a property – Falkirk – had a typical time on market of 11 days. Now, Glasgow tops the list with a typical time on market of 36 days.

“At the slower end of the market, Belgravia and Chelsea have also seen significantly higher time on market since they appeared on the list six months ago. Belgravia has gone from 132 days up to 159 days and Chelsea has risen from 132 days to 151 days.

“What’s really important to keep in mind is that, despite typical time on market being notably longer than it was six months ago, it is still significantly quicker than pre-pandemic levels for both the best and worst places to sell.

“In March 2020, before the first Covid lockdown, the best place to sell a property had a typical time on market of 46 days, whilst the worst place to sell had a typical time on market of 249 days.

“They are now 10 days quicker and 39 days quicker respectively.

“The post-pandemic, over-heated market was something of an anomaly, both in terms of speed of agreeing a sale and price growth.

“What we’re seeing now is much more a return to ‘normal’. Market conditions in 2021 and early 2022 were never going to be sustainable long-term.

“Rising mortgage interest rates and inflation have inevitably had an impact on the volume of sales and on buyer’s budgets, but with the Bank of England suggesting that interest rates are coming towards their peak, we’re expecting to see the market level out in 2024.

“For those who need a quick sale in the coming months, it’s important to familiarise yourself with activity in your local property market. Be realistic about what’s achievable and price your property attractively.

“It’s also important to remember that these figures relate to how long it takes for homeowners to accept an offer.

“New figures suggest that it currently takes an average of five months for a successful sale in England or Wales to go from offer acceptance to completion, so selling a property is not a quick process.

“It’s also very unpredictable, with around one-in-four property sales falling through before completion. For this reason, chain-break services and quicker alternatives such as property auctions and quick sale companies are likely to become more popular with those who are working to tight timescales.”

Keep up to date by signing up for our daily newsletter

We don’t spam we only send our newsletter to people who have requested it.

Check your inbox or spam folder to confirm your subscription.

Tags: berksberkshirehousinglocal newsPropertyrdg boroughrdg newsrdgukrdguk newsreadingreading berkshirereading UK newsUK News
Previous Post

Reading RFC 27-24 Wimborne: Last gasp try sees hosts rewarded with first win

Next Post

You can’t keep a good band away … Pet Needs prepares for their third Reading date this year

FOLLOW US

POPULAR STORIES

  • Young man and woman attacked by group of teenagers in Reading robbery

    0 shares
    Share 0 Tweet 0
  • Former Reading FC star to be released as free agent by Championship club

    0 shares
    Share 0 Tweet 0
  • Former Reading FC star to become free agent following Championship relegation

    0 shares
    Share 0 Tweet 0
  • Thousands experience power outage in Reading, not expected to be fixed for hours

    0 shares
    Share 0 Tweet 0
  • Reading FC group Sell Before We Dai makes generous donation following end of campaign

    0 shares
    Share 0 Tweet 0

RDG.Today – which is a Social Enterprise – provides Reading Borough with free, independent news coverage.

If you are able, please support our work

Click Here to Support RDG.Today

ABOUT US

Reading Today is dedicated to providing news online across the whole of the Borough of Reading. It is a Social Enterprise, existing to support the various communities in Reading Borough.

CONTACT US

news@wokinghampaper.co.uk

Reading Today Logo

Keep up to date with our daily newsletter

We don’t spam we only send our newsletter to people that have subscribed

Check your inbox or spam folder to confirm your subscription.

The Wokingham Paper Ltd publications are regulated by IPSO – the Independent Press Standards Organisation.
If you have a complaint about a  The Wokingham Paper Ltd  publication in print or online, you should, in the first instance, contact the publication concerned, email: editor@wokingham.today, or telephone: 0118 327 2662. If it is not resolved to your satisfaction, you should contact IPSO by telephone: 0300 123 2220, or visit its website: www.ipso.co.uk. Members of the public are welcome to contact IPSO at any time if they are not sure how to proceed, or need advice on how to frame a complaint.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • MY AREA
    • Central Reading
    • East Reading
    • Bracknell
    • Calcot
    • Caversham
    • Crowthorne
    • Earley
  • COMMUNITY
  • SPORT
    • Reading FC
    • Football
    • Rugby
    • Basketball
  • ENTERTAINMENT
    • ARTS
    • READING FESTIVAL
    • READING PRIDE
    • WOKINGHAM FESTIVAL
  • PRIDE OF READING
  • OBITUARIES
  • JOBS
  • ADVERTISE
  • CONTACT US
  • SUPPORT US
  • SIGN UP FOR OUR NEWSLETTER
  • WHERE TO GET THE PRINT EDITION

© 2021 - The Wokingham Paper Ltd - All Right Reserved.