Fastest And Slowest Transactions in England Revealed By OneDome

September 23, 2022
Share this Post: 

UK challenger portal OneDome has ranked the fastest- and slowest-selling postcodes in the UK in a new list—with some listings in London selling in as little as 84 days from publication to SSTC.

OneDome's HomeBuying Speed Index covers Q2 2022 and calculated the speed of transactions across every postcode in England and Wales.

The 84 days in Kensington & Chelsea was only beaten by properties in North East Lincolnshire (79 days), with southern cities Bristol (119) and Southampton (120) notably slow.

The slowest selling postcode was in Weston-super-Mare, with an average sale transaction time of 25 weeks.

A OneDome spokesperson said:

"Transaction speed is becoming one of the most serious problems in the property industry. Average property transaction pipelines are getting longer and longer, negatively impacting consumers and businesses alike.

"It is OneDome’s hope that by highlighting this issue, all relevant parties in the industry will focus their attention on ways to speed up the process, and deliver a speedy and fit-for-purpose home buying and selling process."

OneDome's own contribution is a new platform for agents to monitor and manage referrals made and earned through its portal. Lead Exchange is a single online location for agents to introduce prospective clients to home moving services of their choice, such as mortgage advice, conveyancing, chain repair or a part exchange service.

OneDome also developed and launched a Buyer Passport service in June.

Other recent technological updates include OnTheMarket Software, launched just this week, and Homesearch's new off-market-property search engine.

September 23, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Shutterstock 1958725735
Spotahome Tells Staff That It Expects Another Round of Layoffs

Madrid-based on-demand rentals specialist Spotahome has announced it will go through another round of layoffs, weeks after firing two senior...

Read More
Jason Tebb Onthemarket Quote
Jason Tebb: "I dread to think where prices from the others would be if we hadn't been around" - OnTheMarket Boss Speaks Exclusively to OnlineMarketplaces.com

In an exclusive interview with Online Marketplaces, Jason Tebb admitted that OnTheMarket's mission was not to go after Rightmove... Since...

Read More
Adevinta Financial Report
Adevinta Sells Vivanuncios and Segundamano to Navent Group—But It Isn't All Smiles

Adevinta has announced the sale of two Mexican portals just two years after taking control of the companies. The generalist...

Read More
Product Launch
Products And Partnerships Roundup: OnTheMarket, 99.co, Wikicasa

Three portals have announced new partnerships and features at the start of this week. Here's a roundup of them: OnTheMarket...

Read More

Editor's Pick