- Property sales across Britain are progressing up to seven times faster in certain locations compared to others, according to Zoopla.
- While the nationwide average time to secure a buyer remained static at 42 days in the year to July, around half of local authority areas experienced longer transaction times.
- Melton in the East Midlands recorded the slowest sales process at an average of 76 days, whereas Falkirk in Scotland was the quickest at just 11 days.
- Zoopla attributed the regional delays to higher average mortgage rates, which have prompted prospective buyers to adopt a wait-and-see approach.
- Faster-selling markets are heavily concentrated in Scotland due to relatively affordable housing and a distinct sales system based on offers over valuation.
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