Properties 'taking longer to sell' - BBC News
Sellers typically wait more than three months before their home goes under offer.
Properties are taking longer to sell than a year ago, analysis suggests, at an average of more than three months in urban areas of the UK.

Homes in cities and major towns were on the market for 102 days on average before being sold or put under offer.

This was six days longer than in 2017, according to the Centre for Economics and Business Research (CEBR).

Selling periods ranged from an average of 39 days in Edinburgh to 131 days in Blackpool.

Completion of the deal may take a lot longer than this, owing to legal requirements and the practicalities of moving dates.

The research for Post Office Money found that properties in Glasgow also sold quickly, at an average 48 days.

Belfast and Swansea recorded the biggest fall in the time properties spent on the market - at 17 and 14 days less respectively than last year.

In contrast, properties in Bristol and Luton were taking 10 and 14 days longer respectively to sell than last year.

Homes in London, where the market has slowed considerably recently, took an average of 126 days to sell.

The report suggested affordability constraints had hit demand in these areas, leading to longer selling times.

Where can you afford to live? Try our housing calculator to see where you could rent or buy This interactive content requires an internet connection and a modern browser. Do you want to buy or rent? Use the buttons to increase or decrease the number of bedrooms: minimum one, maximum four. Alternatively, enter a number into the text input How much is your deposit? Enter your deposit below or adjust the deposit amount using the slider Return to 'How much is your deposit?' This calculator assumes you need a deposit of at least 5% of the value of the property to get a mortgage. The average deposit for UK first-time buyers is . How much can you pay monthly? Enter your monthly payment below or adjust the payment amount using the slider Return to 'How much can you pay monthly?' Your monthly payments are what you can afford to pay each month. Think about your monthly income and take off bills, council tax and living expenses. The average rent figure is for England and Wales. Amount of the that has housing you can Explore the map in detail below Search the UK for more details about a local area What does affordable mean? You have a big enough deposit and your monthly payments are high enough. The prices are based on the local market. If there are 100 properties of the right size in an area and they are placed in price order with the cheapest first, the “low-end” of the market will be the 25th property, "mid-priced" is the 50th and "high-end” will be the 75th.