New research has revealed that Cambridge homes with a value of over £1 million are selling twice as fast as the national average.
According to Rightmove, Cambridge homes at this price are selling in just 45 days, less than half the national average of 99 days.
At 53 days, Edinburgh and Harpenden are in joint second place, with Bristol marginally slower at 54 days on average.
The Rightmove analysis also revealed that of the 11 regions, four – the North West, North East, East Midlands and Scotland – saw the time taken to secure a buyer for a million pound property decrease.
Commenting on the figures was Miles Shipside. The housing market analyst at Rightmove said: “Hotspots like Cambridge have helped the East of England take over the mantle from London in recent years, with this region now selling million pound plus properties 12 days quicker than in the capital.
“The Scottish million pound plus market has also picked up as the increased activity in the overall housing market in Scotland is having a positive knock-on effect on the higher end, especially in cities like Edinburgh.”
