Since the start of 2021, eight out of ten listed property which have been sold, subject to contract, making Newquay the fastest moving marketing in the United Kingdom.
The move from metropolitan to a more rural environment has been a trend in the UK property market.
This has been reflected in the latest metropolitan property data that Birmingham city centre is the worst place currently for selling. With only 18% of properties sales completing.
The latest easing of the UK government restrictions has seen the UK property market increase activity.
The increased demand in the Newquay property market has pushed prices to record highs.
Its findings reflect those made by others in the property industry.
Last week the Halifax stated there was “something of a resurgence” in the United Kingdom housing market in March. The Chancellor, Rishi Sunak, helped home buyers by extending the vacation on property stamp duty in England, Northern Ireland and Wales.
Since July, property stamp duty tax, which was suspended on the initial £500,000 of property sales in England and Northern Ireland, was extended for another three months towards the end of June.
The Halifax said that this was crucial to the yearly increase of 6.5% in home prices, taking the average to £254,606 in March.
The most popular property market after Newquay is Newton-Le-Willows (Merseyside), in which just under 82% of listed properties have sold, followed closely by Plymstock at Devon, where 81% of properties have completed the sale.
In the UK’s top ten fastest property selling markets, asking prices have hit records since the market reopened in May 2020.
These findings are supported by research conducted by the BBC last month.
The research looked at which locations consumers were searching. It revealed that Cornwall had more input consumer searches than London this year, whilst neighbouring county’s Devon had risen to the third most search and Dorest raising ten places to 10th.
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