East Lothian home to quickest selling properties in 2023, says GetAgent

East Lothian’s EH40 saw the quickest-selling properties in 2023, with properties in the area taking 27 days on average to sell, new data from GetAgent has revealed.

GetAgent analysed the areas in which homes are selling the quickest as part of their 2024 Sellers Report.

The data found that Scottish postcodes dominated the top 20, while some of the quickest-selling postcodes in England included Manchester’s M31 postcode, the Gleadless Valley area of Sheffield (S14) and Poole’s BH17 postcode.

Colby Short, co-founder and CEO of GetAgent, said: “As experts in selling a home, we know how stressful it can be to find a buyer for your property.

“By sharing some of our own consumer data and the trends we’ve observed over the past year; we’re hoping we can provide house sellers with some valuable insight, and top tips, in what is often a very confusing and tense time.

“Living in a particular postcode can add thousands to your home’s value, whether that’s due to having prestigious schools (with catchment areas notoriously hard to get into) or even good transport links for commuters.

“Surprisingly, while you might assume that homes closer to the capital would fetch higher asking prices, our research actually shows that it’s countryside destinations that are topping the list of expensive postcodes.”

Short added: “As we’ve seen a more hybrid way of working come into play over the past couple of years, it’s clear to see that there’s demand for homes in the countryside, and even remote areas of the UK, as people leave the city life for space further afield.

“Despite the turbulent year of 2023 having had an adverse effect on many homeowner’s selling prices, it’s been really positive to see that sellers in many areas of the UK were able to achieve significantly more than their original asking prices – with some northern areas of the country achieving up to 113% of theirs.

“Similarly, our data showed that last year some house-sellers in the UK breezed through the selling process in an average of just 27 to 50 days, showing that it’s still very achievable to find the perfect buyer with minimal stress.”