Newport has fastest housing market in Britain with homes selling within hours

Newport in Wales is the fastest moving housing market in Britain as available properties up for sale have fallen by a third, according to a new research report. It means that the time it takes to secure a buyer in the Welsh city has decreased from 76 to 52 days over the past year with the analysis from Rightmove suggesting that the upcoming scrapping of Severn Bridge tolls is increasing interest. It seems that buyers who find prices in Bristol, on the English side of the Severn Bridge, which average £300,000, are now looking across the river to Newport with estate agents reporting lengthy buyer waiting lists. The demand has led to a 37% year on year drop in available properties for sale in Newport and a £12,000 rise in asking prices, making it the fastest moving market compared to a year ago. The rest of the top 10 fastest moving list is dominated by towns in the North of England and Wales. The second fastest Oldham in Greater Manchester, followed by Scunthorpe in Lincolnshire, Rochdale and Leigh, both in Greater Manchester, Wrexham in Wales, Southport in Merseyside, Colwyn Bay in Wales, Dewsbury in West Yorkshire and Birkenhead in Merseyside.