Top property hotspots revealed in the Selling Points Index 2018
The Selling Points Index 2018 has unveiled what cities are the most desirable for buyers and offer the best conditions for sellers to get a good price.
Compiled by online home-buying company We Buy Any Home, The Selling Points Index 2018 analysed the key selling points of 26 UK cities.
When it comes to buying and selling properties, what makes one location more attractive
than another?
Using seven key data sets, the index took into account:
- Average house price
- Employment rate
- The number of outstanding OFSTED rated schools in the area
- The average sale time of properties
- The A&E target ratings of the local NHS trust
- Average salaries
- Burglary rate
By analysing the data for each category, the cities are ranked according to how well they scored for each data set. They were then given an overall score and ranking based on the individual category scores and positioning.
So, who came out on top? The top ten cities according to the index are:
1. Bristol
2. Southampton
3. Cambridge
4. Stoke-on-Trent
5. Edinburgh
6. Glasgow
7. Newcastle
8. Plymouth
9. Birmingham
10. Manchester
Bristol came in 1st place, with impressive results across the board, from its employment rate (the best in the UK) and its average salary (third in the UK) making it the UK’s best property hotspot of 2018.
Some of the UK’s biggest cities failed to reach the top positions. London was absent from the top ten rankings thanks to its inflated average house prices (£743,953), high burglary rate (2nd worst in the UK) and slow-moving sales times - resulting in a final placing of 15th.
Founder and CEO of We Buy Any Home, Elliot Castle said: “With the new year upon us, bringing with it the attractive prospect of a new start, we wanted to highlight the areas of the country which are the most desirable for buyers and offer the best conditions for sellers to get a good price.
“We wanted to make our index as comprehensive as possible and took into consideration a variety of factors that really matter to both buyers and sellers. A city might score well in terms of average earnings, for example, but if house prices are high and its schools perform poorly, it’ll lose out for those factors.”
You can take a look at We Buy Any Home’s “Selling Points Index 2018” here – http://www.webuyanyhome.com/the-selling-points-index-2018/
Photo by Toa Heftiba on Unsplash
