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Canterbury Announced as Easiest Place in UK to Buy Property

Other top locations with the fastest moving property markets include Manchester, York, and Bradford

UK Residential Buy to Let Property Housing Investment

New research by price comparison website Compare the Market has revealed the fastest moving property markets outside London in the UK.

The data ranks 20 cities according to four metrics: the average time properties spend on the market; the average number of years property is owned by the current owner; the number of properties per 100,000 people; and the number of estate agencies per capita.

It compared these against London, in order to find where the easiest place in the UK to buy a property is, whilst also listing the average house price for each city.

According to their data, properties in the capital spend an average of 89 days on the market and are typically owned for 6.9 years. There are approximately 575 properties per 100,000 people, and 41 estate agencies per capita.

The top location was Canterbury, in the South East, which had the fastest moving market at 28 days, the most number of estate agencies at 219 per capita, and average house prices of £311,154; half that of London.

Bristol, Southampton, Manchester and Nottingham completed the top 5, whilst 6 of the top 10 cities were located beyond London and the South of England.

These include York, Glasgow, and Newcastle. Bradford, another top 10 regional city, had the lowest average house prices at £131,036.

Liverpool had the most number of properties available per 100,00 people at 1443.5, and homeowners in Coventry spent the longest time owning their homes at an average of 12.5 years.

According to new analysis from PwC, annual house price growth in the UK is predicted to remain at 3% until the year 2025.

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