Below Supply Index, July 2025
On this newest version of our Below Supply Index, we monitor the place UK properties (excluding Northern Eire), on the market and lease, obtained a suggestion the quickest, and the place it took the longest to succeed in a suitable supply.
Properties in Newcastle upon Tyne have been as soon as once more the quickest to go beneath supply with a median of 35 days. Properties within the quickest transferring markets are promoting faster year-on-year, Newcastle was additionally the quickest market in Q2 2024, presently taking two days much less on common to go beneath supply and greater than half (63%) of properties taking simply 30 days.
The pattern of a faster-moving market continues throughout the highest areas, with properties promoting not less than two days faster than the areas in the identical positions ilast yr. Crawley jumped to second place, averaging 36 days, from fifteenth place and a median of 42 days for a similar interval final yr. Sunderland and Swindon each had a median time of 37 days adopted by Barnsley and Luton with 38 days.
Meanwhie, the seaside city of Blackpool was the slowest transferring gross sales market, in keeping with its place on the backside of the desk final yr. Properties took on common 66 days to get to a suitable supply, even longer than the 60 days it took final yr with lower than 1 / 4 of Blackpool properties (23%) going beneath supply inside 30 days. Distributors in Blackpool are taking 11 days longer to succeed in the identical stage within the promoting course of in comparison with these in Blackburn and Slough, that are tied for second from the underside the place it takes 55 days for a property to go beneath supply. London and Nottinghamshire full the 5 slowest areas, each take 52 days.
London gross sales market
In London, Waltham Forest retained its place because the quickest transferring London borough, taking 41 days on common for a property to go beneath supply, though that is slower than final yr’s 37 days. Bexley, with 42 days to go beneath supply, Enfield and Havering, every taking 45 days, and Kingston upon Thames at 46 days, spherical out our top-five fastest-selling London boroughs.
The Metropolis of Westminster was as soon as once more the slowest London borough, taking a median of 69 days, in contrast with 68 days final yr. Kensington and Chelsea taking 68 days, Metropolis and County at 66 days by Hammersmith taking 63 days and Richmond upon Thames with 62 days, full the top-five slowest London boroughs to go beneath supply.
Feedback of gross sales transaction occasions
Commenting on the time taken to obtain a profitable supply,:
“These numbers illustrate why it’s so vital to drill all the way down to the regional information when analysing the housing market as native areas differ considerably throughout the nation. The Below Supply Index reveals these shopping for and promoting in Newcastle will discover their native market is transferring significantly sooner than the extra leisurely tempo of Blackpool, so a nationwide common velocity to Below Supply is unlikely to be of a lot use.
“Many elements affect the velocity wherein it takes to go beneath supply, together with demand and competitors amongst patrons, inventory ranges, pricing and affordability. Sellers who want to velocity up the method ought to select an area property agent fastidiously and take their recommendation to make sure their property is listed on the proper worth. Consumers ought to guarantee they’ve their finance organized, have appointed a superb solicitor and have discovered a purchaser for their very own dwelling if they need their transaction to maneuver easily with as few delays as attainable.”
Commenting on Newcastle being the quickest place within the nation to go beneath supply:
“Newcastle is a incredible place with a various number of housing inventory which affords nice alternatives for buyers and all-important first-time patrons. Having distributors and patrons prepared and ready for going to market helps maintain it vibrant and transferring, which is nice information for everybody.”
Aldershot is the quickest transferring marketplace for leases, whereas Huddersfield, Middlesbrough and Nottingham lag
As with gross sales, the rental market is transferring at totally different paces acros the nation, with some tenants not having lengthy to decide. On this version of the Below Supply Index, that is significantly the case in Aldershot in Hampshire, the place on common a property was let inside 15 days of being marketed in Q2 2025. But remarkably that is longer than the identical interval a yr in the past, the place it took solely 14 days to let a property in Crawley. Crawley stays within the high 5 this yr, then Swindon and Warrington each taking 20 days adopted by Chatham and Plymouth each taking 21 days. If it’s any comfort for tenants, a yr in the past the market was transferring at a good sooner tempo, with all the high 5 taking 18 days or fewer to let a property.
On the different finish of the desk, tenants in Nottingham, Middlesbrough and Huddersfield have a extra leisurely 33 days to make up their minds, whereas in Bradford, Brighton, Coventry, Derby, Leeds, Sheffield and Sunderland it took a median of 32 days.
London
In London, Bexley, Bromley and Islington are the quickest locations to safe a rental property, taking a median of 21 days to lease. Bexley and Waltham Forest topped the London desk in Q2 2024, taking 18 days for a property let. Camden and Wandsworth full the highest 5, each taking 22 days on common.
In the meantime, on the different finish of the size, the slowest London borough for lettings for the second yr operating was Kensington and Chelsea the place it took 34 days, for a property to be let, in contrast with 35 days for a similar interval in 2024. Harrow taking 32 days, Metropolis of Westminster taking 31 days adopted by Barnet and Brent each taking 30 days to finish the 5 slowest London boroughs.
Feedback on lettings transaction occasions
Commenting on the lettings transaction occasions:
“The Below Supply Index reveals the lettings market continues to be extremely aggressive throughout the nation, though in some areas tenants have little or no time to decide, significantly in the event that they want to safe the perfect properties.
“With the upcoming Renters’ Rights Invoice set to provide extra rights to tenants, there are considerations that this can deter landlords from coming into the sector, which in flip may cut back the variety of rental properties out there. This might put much more strain on tenants to make a fast choice if there may be elevated competitors for fewer properties.
“As with these eager to purchase, tenants ought to get to know their native brokers and reply rapidly when an appropriate property turns into out there, significantly in faster-moving markets.”
