Put your house on the market soon to sell by Christmas: Property news roundup

Plus, tenancy deposits, buying abroad hotspots, and top retirement locations

Sellers should put their property up for sale by 28 September if they want to sell their home by Christmas, according to Move with Us.

Its figures indicate that at the moment it takes an average of 88 days to sell a property from the first day of putting it on the market to accepting an offer.  

Regional variations mean that those in the North East need to start a littler earlier, 9 August,  as property in the area usually takes longer to sell than average. Similarly, in Wales the date is 18 August. The date to circle for those in Greater London is 12 November.

"Although we’re in the midst of a heatwave and it seems ridiculous to be thinking about Christmas, anyone considering selling their home by the end of the year needs to start getting prepared to sell now," said Robin King, Director at Move with Us  proximately 300 staff.

Favourite retirement destinations

Retirees are increasingly moving to coastal towns and resorts, according to Girlings Retirement Rentals.

Seven out of the ten most popular destinations for its customers this year are seaside towns, with Bournemouth  the number one retirement destination for the second year on the trot. London is next, then Cheltenham, Eastbourne and Exeter in fifth place. These are followed by Poole, Southport, Portsmouth, Bromley and Torquay.

Peter Girling, Chairman at Girlings said: "People want to retire to the seaside to enjoy coastal walks, more sunshine and a more relaxed way of life which can bring many health benefits."

Tenancy deposits up by a third

Research from mydeposits shows that the average cost of a deposit has risen by 34 per cent since the launch of tenancy deposit protection in 2007.

Its figures suggest that the average tenancy deposit is now £1,197, up £304 from seven years ago. The figures also show a big difference between the average cost of deposits in the most expensive and cheapest regions in England and Wales.

London tops the list for the most expensive average deposit paid by tenants at £1,760, follwed by the South East at £1,181. Meanwhile, the areas with the cheapest average deposit are Yorkshire and Humber (£592.75) and the North East (£602.38).

Property hotspots for Brits buying abroad

France and Spain continue to top the list of countries for those looking to buy property abroad, according to figures from foreign exchange specialist HiFX.  

Around 35 per cent of buyers are concentrating their search on France, and the same percentage on Spain.

 "It’s no surprise France remains a firm favourite with Brits as it ticks all the right boxes," said Mark Bodega, director at HiFX. "Borrowing costs have tumbled in recent months and mortgage rates are at their lowest in years. Affordability has also been boosted by a slower property market as worries remain that France may well be lagging the rest of the Eurozone in terms of economic growth. 

"Spain continues to attract those who are hoping to take advantage of depressed property prices. The average property price in the country is down almost 30 per cent since the market peaked in 2007, and while there are discounts to be had buyers need to pick carefully."

The report also shows that there has been a big drop in the number of buyers looking to buy property in emerging markets, with interest in Bulgaria, Brazil, Egypt and Panama particularly low. 

Around nine per cent of buyers are looking at buying in USA and Canada.

Independent Partners; for bank beating exchange rates on foreign currencies, visit our international money transfers page here

Discover more property articles at Homes and Property
Sport
England's women celebrate after their 3rd place play-off win against Germany
Women's World CupFara Williams converts penalty to secure victory and bronze medals
Arts and Entertainment
Ricardo by Edward Sutcliffe, 2014
artPortraits of LA cricketers from notorious suburb go on display
News
newsHillary Clinton comments on viral Humans of New York photo of gay teenager
Arts and Entertainment
The gang rape scene in the Royal Opera’s production of Gioachino Rossini’s Guillaume Tell has caused huge controversy
music
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Recruitment Genius: Sales Administrator - Spanish Speaking

£17000 - £21000 per annum: Recruitment Genius: This is a fantastic opportunity...

Recruitment Genius: Sales Administrator - German Speaking

£17000 - £23000 per annum: Recruitment Genius: This is a fantastic opportunity...

Recruitment Genius: Sales Administrator - Japanese Speaking

£17000 - £23000 per annum: Recruitment Genius: If you are fluent in Japanese a...

Recruitment Genius: Graphic Designer - Immediate Start

£16000 - £25000 per annum: Recruitment Genius: This is a fantastic opportunity...

Day In a Page

The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'