The towns and cities where buyer interest has rocketed
Estate agents in Preston have seen a significant spike in buyer demand, according to Zoopla.
The property portal said the city has experienced the highest increase in buyer demand year-on-year across the UK – a 60% rise.
The income required to purchase a home in Preston is currently just £10,000, and this level of affordability is attracting buyers at all stages of the housing ladder to this market.
Transactions are also up by 8% in Preston over the same time period, where estate agents achieve 93% of a property’s listing price and take 13.5 weeks to sell a home.
Emma Roberts, managing director of Roberts & Co, said: “Preston is growing in popularity. The market is healthy here as whether you’re a family looking to be near good schools, which Preston has an abundance of, or you’re a first-time buyer on the hunt for a destination with great job opportunities, the city really does have it all. Our clients vary hugely which is a key part of keeping the market healthy and active.”
Estate agency branches in Cardiff received the second highest increase in enquiries, with the property portal generating 58% more sales leads to estate agents here in the last 12 months.
Falkirk, Cambridge and Barking and Dagenham completed the top five.