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Houses selling faster in Wales.

HOUSES in Wales are selling 21 days faster now than they were at the same time last year.

Figures have shown that the typical time on the market for property in Wales is 169 days, down three weeks on last year.

The typical time on market for unsold property across the UK has fallen to 102 days, eight days less than in May last year. By way of contrast, in May 2009 when prices were severely under pressure, the typical time to sell a property stood at 184 days: 80% longer than in the current climate.

Considerable regional differences still exist.

London and the South East top the table with typical time on the market around 70 days and continuing to fall. At the other end of the spectrum, the typical property in the North East remains on the market for 198 days.

Wales has seen the second biggest decrease across the UK, with Yorkshire leading the way with a fall of 30 days in selling times.

This new data comes from Home.co.uk and is an encouraging sign for many regions of the country.
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Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:May 18, 2013
Words:186
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