If you’re a UK homeowner with selling on your mind, you probably want to know what position you’re in terms of landing a deal that works to your advantage. In other words, you’re wondering if your property is among those real estate gems that will sell quickly and favourably. You’ve probably also already figured out that the location of the property plays a big role in consumer demand and eventual sale. But how can you tell if your house is located in a place that will make it an enticing listing when you put it up for sale? Below we’ll explore those locations and help you to understand where you stand as a seller.
Some UK regions are located in ‘high demand’ areas. These are locations that are currently on the radar of people who are looking to buy a home. If your property is located in any of these places, you are in a good position to sell for a pretty penny.
Locations At the Top of The Market
Experts expect the UK’s housing market to be led by Bristol, Leeds, Edinburgh and Manchester, locations that have been attracting new graduates and young professionals in recent times. These regional cities are attractive to prospective buyers because they feature lots of regeneration projects and promising new developments. In Edinburgh for instance, the erection of a 60,000 square feet Mint Building has fostered tremendous growth in business activities. And as commercial and corporate activities increase in these locations, so will the demand for housing as people move closer to work and to access the higher quality of life offered.
Naturally, therefore, property prices in these cities have been increasing. And property experts expect property values to continue to rise for at least the next five years. What does this mean for those who choose to sell? Well, for one it means that your property will fetch a higher price than those in other locations. Additionally, properties in this location are more likely to be sold at or close to asking price than others.
Locations Ranked Close to the Top of the Market
Other desirable locations for homebuyers include Woolwich, Cambridge, Essex as well as Maidenhead and Slough. Maidenhead and Slough’s booming popularity is due to the strong economic activity surrounding their business communities. Residents in these cities have access to luxurious dining, shopping and entertainment options. If your house is located in any of these places, you too are in a good position to get a good sale price.
Finally, properties located in Central London are still expected to increase in value but the increase will be lower than that of other regions. Wherever your property is located though, you can get it sold quite quickly if you get in touch with a company like Open Property Group, who specialise in buying your property quickly and in a timeframe that suits you. You’ll remove all the stress and additional costs that you would experience by going through a traditional Estate Agent to sell your property!
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