The latest data from estate agent comparison site, GetAgent.co.uk, has found that three bedroom properties sell the quickest in the current market conditions.
Three-beds are taking an average of 122 days to sell across the UK, with two-beds close behind at an average of 126 days.
Four-beds are the next most popular option for homebuyers taking an average of 141 days, with one-beds taking 150 days and five-beds the longest of all at 173 days. The nine quickest areas for three-bed property sales are all located in Scotland, with Lanarkshire with an average selling time of only 55 days.
Founder and CEO of GetAgent.co.uk, Colby Short, said: “Three-bed homes are hot property in current market conditions and as a result, those with one to sell can expect a quicker transaction than others in the market, even in London.
“A three-bed is typically the first family foot on the ladder for growing families and often the last time a buyer will upsize for the long-term, if not completely.”
He added: “That’s why they’re consistently in high demand but there is a real lack of suitable stock currently on the market, as well as an insufficient level being delivered by housebuilders to meet this demand.
“As a result, three-bed homes are bucking wider market trends to sell much faster than the rest and will continue to do so.”
GetAgent.co.uk pulls data from all of the major portals which they then cross-reference with the Land Registry using proprietary algorithms to create a comprehensive record of what is selling, where, for how much and how long it’s taking.