South coast has most unsold homes

Coastal areas in southern England have the most competition amongst sellers, meaning property buyers are well placed to haggle in those areas.

Zoopla analysis said this particularly applies in Truro, Exeter, and Bournemouth, where more than a quarter of homes for sale have been on the market for over six months, more than a third higher than the average. Prices in these areas are between 1.1% and 1.4% lower than a year ago.

Other areas with an above-average stock of unsold homes include York, Torquay, and Llandrindod Wells in Wales, markets where sellers need to be most realistic on price if they want to sell this year.

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