Content Written By: Jo Siberry - Last Updated: 14/03/2025
London is still one of the best places in the UK to sell houses. Some recent data from Plumplot shows that although the average price of London property dropped by 6% between February 2024 and January 2025, the median price of London property is still 60% higher than the rest of England and Wales.
In fact, in the last 12 months, the majority of London property sales (27.9%) were settled for between £500,000 and £750,000. This is a potentially life-changing amount of money for a lot of London homeowners.
So why are people getting frustrated with the London property market? It’s got little to do with the eventual sale figure and a lot to do with the painfully long timeframe for house sales.
In 2024, London was the second-longest area in the UK for property sales to eventuate. The wait in London was almost double compared to Scotland and 22% longer than property sales in the North East.
In January, Zoopla published an article saying it “takes around 25 weeks to sell a home, from the moment it's first listed to the moment you hand over the keys to your buyer”, but that it can also take up to 34 weeks.
For many sellers, that is a frustratingly long time to wait. Imagine you have already found your next dream home but must wait six months before your London house can sell. You might miss out on your next home while waiting, especially if your part of the chain breaks from your buyer pulling out last minute.
So yes, while many homeowners are excited by the prospect of selling their house for over £500,000, the time it’s taking for these sales to happen is becoming the stuff of real estate nightmares. Fortunately, there is a way to avoid this elongated sale process in London. With The Property Buying Company (TPBC), you can sell your London house fast.
How fast, you ask? Right now, we’re averaging two to three weeks from the moment you contact us to when you receive your cash. Depending on your property, it could be as quick as seven days.
You’re probably sitting there at your computer or on the tube thinking this is way too good to be true. It really isn’t. There are numerous reasons why you can sell your London house through us without the 25-week wait while still getting great value for your property.
We’re honoured to have been featured in the media by several leading outlets and major publications
It’ll be easier to understand how you can sell your house so quickly once we look at the common reasons why house sales slow down in London. Better yet, let’s put the three most common options side by side for comparison: selling through a real estate, selling through auction, and selling through a cash buyer (like us).
Sale Element | Real Estate | Auction | Cash Buyer |
---|---|---|---|
Finding Buyers | On average, houses go under offer in 38 days when advertised through estate agents. | Auction House London had an 82% success rate for auction sales in 2023. | You can find a transparent, efficient and trustworthy cash buyer with the PBC within 24 hours. |
Property Chains | One of the biggest causes of a slow sale is a broken chain. This system can also drag out the process while other buyers within the chain wait for their sales to go through. | An auction isn’t typically affected by a property chain. | A cash buyer won’t be affected by a property chain as they already have the funds and aren’t waiting on another sale to go through. |
Solicitors / Conveyancers | Estate agents rely on solicitors or conveyancers for house sales. Choosing a bad solicitor can make the selling process longer and more stressful. | You will also need a solicitor if you’re entering your property into an auction. This can increase your costs and sale time. | Although it’s not legally required, it’s still a good idea to employ a trusted solicitor for a cash buyer sale. We take care of this for you, including the cost. |
House Survey | A house survey is almost always requested when selling through a real estate. Your solicitor will need to negotiate any requested fixes with the buyer’s solicitor, which can take months. | Buyers will generally get a survey done prior to auction day. Anything found in the survey may affect the eventual sale price but will be the buyer’s responsibility. | As your cash buyer, we perform our own house survey during our simple, hassle-free sale process. Findings from the survey may affect the cash offer. |
Mortgage Arrangement | Delays with mortgage arrangements are pretty common, according to Zoopla. Most arrangements last for six months, so buyers often must restart the application process if the sale takes too long. | Mortgage arrangements are less likely to expire as buyers need to pay the full amount 28 days after the auction sale. | Cash buyers already have the funds ready. That means no mortgage arrangement and no risk of delays here. |
Guarantee of Sale | There is no guarantee of sale. House sales can fall through for some of the elements listed in this table. Over 35% of UK property sales fell through in 2023. | There is no guarantee you will sell your house on auction day as the bids need to reach your reserve price. However, if the property does sell on auction day, the bidder is legally required to complete the sale. | We cannot provide a sale guarantee, but it is very rare that a sale falls through with a cash buyer. This usually only happens if something significant is revealed in the survey report. |
Estate Agent | You will need to work with a real estate agent, which can delay the process and will increase fees. | You will not need an estate agent. | You will not need an estate agent. |
As a cash buyer, we’re not hamstrung by many of the elements that cause delays, such as property chains and mortgage arrangements. Being free of these also lowers the cost of selling your home, so you can usually retain more of the sale proceeds. You also get complete transparency throughout the entire sale process, which ends up being a lot simpler, faster and cost-effective than traditional routes.
One of our former clients, Helen Clifton, had this to say on Trustpilot about our transparency and valuation:
“I was helped by Yash. Very knowledgeable, helpful and honest. He gave me a quote which was at the market rate. He was completely transparent about the process and the price they would be purchasing the property for. It was refreshing to not be ‘sales jargoned’ like the usual property salespeople.”
We’re going to break down our process step by step, from the moment you contact us to the house sale. This process can be as short as three steps, depending on your situation. But to give you as much information as possible, we’re going to cover it in six steps.
You can either call us on 0800 024 8444 or enter your postcode into the field below and share some quick details for us to contact you.
One of our expert property consultants will then get in contact either via phone or email. There’s absolutely no obligation for you to sell at this point. It’s more of a general chat about your house and ambitions as a seller.
After the phone call, it usually takes us 24 hours to make our first cash offer. We do this without you spending anything and use a combination of resources, including:
The information you provide on your home’s condition
Market data about your property and its location
The values of comparable properties
If the property is freehold or leasehold
Your desired time to sell (we may need to offer a slightly lower amount if the process needs to be done quickly and potentially create more risk for us as buyers)
Remember, this isn’t our final offer. However, it does give you a better idea of what you can expect from our sale, if you choose to move forward. You can of course decide not to proceed if you’re not satisfied with the value.
Depending on your property, we may not need this step. However, we usually send one of our expert Regional Managers out to inspect your property for a more detailed valuation.
The Regional Manager will consider various elements when valuing your property. These could include the property’s:
Size
Age
Finish quality
Internal condition
Outside spaces (e.g. garden and parking)
These evaluations are no different to what a real estate agent does when valuing your house.
After our visit, we’ll share our final cash offer with you. Depending on the in-person valuation, this offer could be higher, lower or the same as the initial one.
It’s a good idea to have a trusted solicitor helping you throughout this entire process. Unlike real estate agents or auction houses, we’ll cover the solicitor costs for you.
We’ll also take care of all the other legal work, including any additional fees.
Our final step before we close on the sale is arranging an RICS survey. This is to make sure there’s nothing within your house that needs significant work.
Now it’s over to you. If we’re happy with the surveyor’s report, we’ll proceed with the sale. You’ll just need to accept and sign the contract.
Once you’ve done that, we can finalise the sale. It’s usually all tied up after two to three weeks.
What makes us different from the traditional property market is that we can buy your house quickly for cash. However, the faster we do this, the more risk we incur.
Let’s say you’re looking to sell in seven days, we will probably need to offer a reduced amount to make the timeframe work. However, if you have a longer timeframe to work with, such as 28 days, we can increase our cash offer to suit alternative sale options. These could range from selling to property investors or even offering a 28-day sale on the open market.
We essentially work to suit your needs. If you decide to contact us about selling your London house fast, we’ll give you different options so you can choose the one that best suits your ambitions and timeframe.
When someone’s buying a house quickly with cash, they incur more risk. Because of this our cash offer will often to be slightly below market value.
However, remember that you’ll spend close to £5,000 or more of your own money when selling through a real estate or an auction. That doesn’t include additional expenses if you have to wait over six months. So what you eventually make from selling your house one of these ways is around the same as what you’ll make through a cash buyer. You just won’t have to wait so long for the sale to go through.
Selling through a cash buyer means prioritising time over revenue. But you’ll be surprised at how little money you lose and how much time you gain.
You can see a clearer comparison here.
You can always reach out about selling your London house with us and explore your options. There aren’t any commitments and we’ll be completely transparent with you throughout the entire process.
We don’t want to lock you into anything you don’t feel comfortable doing. We want to help you achieve the best-possible outcome while avoiding unnecessary stress and expenses.
Everyone’s experience selling a house in London is going to be different. For you, it might happen quickly. You might even beat the average. However, for many London homeowners it’s taking longer than planned.
In July 2024, the Telegraph published an article about Sophie Fox, a London homeowner who was struggling to sell her “beautifully decorated home for £1.6m through John D Wood & Co.”
Sophie and her husband hadn’t found a buyer for their three-bedroom terraced house in Fulham after two months on the market. They had a one-year-old, another baby on the way and were desperate to move into a bigger house before the due date.
Unfortunately, it just wasn’t happening. This caused undue stress and worry for the soon-to-be mother of two. The article went on to outline some of the issues many homeowners were facing in the current market. These included:
Higher mortgage rates
Slow sales processes
A general concern over rising costs and affordability
While this may not be the case for all, it’s worth considering as you weigh up your options. Especially if time is of the essence, like it was for Sophie and her family.
Want a quick and easy breakdown of London property’s time to sell? Home.co.uk has a time-to-sell tracker for London property. It offers a clear view of the landscape over a 90-day period and is regularly updated. You can see the mean and median selling times of properties depending on their price values, number of bedrooms, type, and more.
This is the big question. Unfortunately, it’s not a simple yes or no answer. The London property market is often changing due to various factors, such as stamp duty increases, seasonal buying behaviours, new mortgage incentives and economic confidence.
As we mentioned at the top of this page, London house prices decreased slightly (-6%) in 2024. Throughout the beginning of 2025, we haven’t seen much growth. So if you’re sitting on London property right now hoping to see the value rise significantly, you might need to wait a while.
Annabelle Williams, Property Editor for The Times, published an article in February 2025 that called out changes in stamp duty, wage growth and levels of unemployment as three key influences on house prices in the future.
These challenges being faced by home buyers, particularly increased stamp duty (1st of April 2025), high interest rates and stretched affordability can make finding a buyer for your house a long and difficult process. This is why choosing a cash buyer, like TPBC, might be your best option for selling your London house quickly, for a good price. We’re not impacted by these challenges like individuals.
The answer to this age-old question also depends on your house’s location in London.
“There isn’t just one UK property market,” Williams writes. “There are hundreds of micro-markets which each have their own factors driving prices up or down. Even within a single town, village or borough, some streets are more desirable than others.”
In London, Wandsworth has been a desired borough for the last four years, consistently topping the charts in property sales. Other London boroughs with the most active housing markets include:
Bromley
Croydon
Lambeth
Barnet
Havering
When it comes to the average price of property sold in London, it’s little surprise to see the Royal Borough of Kensington and Chelsea topping the list. Houses in this affluent borough sell for about £600,000 higher than the London average. They also take longer than most to sell.
There are plenty of other boroughs that have seen significant growth in recent times. The Office for National Statistics released a detailed graph in 2023 (see below) that painted a clear picture of property growth around London.
The data showed that Waltham Forest (119%), Barking and Dagenham (113%), Newham (100%), Bexley (96%) and Havering (96%) were the five boroughs with the highest change in property price between 2013 and 2023.
Caption: Source: ONS / UK Land Registry Data
So, is now a good time to sell your London house?
It really depends on your individual circumstances, your property’s location and how you envision your future. If you’re wanting to take advantage of a solid London housing market and avoid lengthy delays that might prevent you from moving to your next home, we can help you sell your house quickly.
It’s natural to have questions like these when you’re exploring options away from traditional real estate sales. We recommend doing plenty of research into how we’ve worked with homeowners in the past.
You can also look at over 2,500 reviews on Trustpilot, which will give you a good idea of what it’s like to sell your house to us. We’re also members of The Property Ombudsman and the National Association of Property Buyers. This means you’re dealing with a company that follows strict codes of conduct and maintains high service standards.
Our Property Consultants are also great, honest people who are passionate about their customers and making great sales happen. When asked about her proudest moment at TPBC so far, our London property expert, Jo Siberry, had this to say:
“It was when I helped a 92-year-old woman. She had a beautiful flat in Torquay, but it was on the first floor with no lift, which wasn’t ideal. She couldn’t easily leave her house and just wanted to be on the ground floor.
“I didn’t provide her with a contract offer straight away, as I wanted to ensure she had the adequate support to make an informed decision, so I went back when she had the family solicitor with her to ensure she was completely comfortable with everything. After several trips back to Devon, we managed to get her moved, and it was a really great moment.”
We believe in working with you to ensure your London house is sold quickly with honest and reliable service throughout. We really value the people we work with, which reflects in the compassion and collaboration we bring to every interaction.
The video below summarises one homeowner’s experience with us. Suzie, a London homeowner, was able to sell her house for £435,000 in only three weeks.
Jo Siberry is an Acquisitions Manager covering the South of England, including London houses and flats. Her first experience in property was in her 20s, when she started working in Mortgage Broking. At the time she was the only women broker in the Surrey and Sussex area. She has been working with TPBC for over 10 years, helping people sell their property.
Contact Jo to chat about your situation
That pretty much covers everything. You can read some additional FAQs at the bottom of this page. If you have any other questions that we haven’t answered here, please feel free to call us on 0800 024 8444.
If you’re looking for a trusted cash buyer for houses in London who can offer you a great price and save you thousands of pounds and months of waiting, we recommend getting in touch when you’re ready.
It really depends on your situation and aspirations for selling your London property. If you want a fast sale that won’t be hindered by estate agents, property chains, mortgage approvals or solicitors, a cash buyer might be your best option.
We usually offer around 20% below your property’s market value. According to our data from leads in Greater London over the past 12 months, the average estimated market value of London property is £553,364. Our average cash offer for London property in this same period has been £444,850, which is 21.95% below market value.
The percentage difference in value may change depending on the market conditions, the state of your house or flat, how quickly you want to sell, and other factors.
When comparing to a traditional sale, consider the 5-6% you’ll spend on solicitor and real estate fees, as well as additional expenses you’ll incur while waiting for up to six months or longer. Below we’ve calculated your spending on the average market value of £553,364, using the highest percentage taken by the estate agent (3.5%), plus solicitor fees, mortgage repayments and bills.
Estate agent = £19,368
Solicitor = £1,640*
Estimated mortgage repayments over six months = £6,336**
Estimated utility bills, house insurance and council tax over six months = £2,412***
Total spent = £29,755
Percentage of sale price = 5.4%
It’s important to consider this 15% difference in revenue when selling to a cash buyer. You should determine whether the time and stress you save justifies making less from the sale. Keep in mind your fees could increase the longer your property is on the market. This is why a cash buyer is ideal for homeowners looking for a fast sale without unexpected costs and stress.
*Calculated using Zoopla’s 2024 figures for a home between £500,000 and £600,000.
**Calculated using a £300,000 mortgage at the current rate (March 2025) of 4%.
***Calculated using Zoopla’s average figures.
Legally, you’re not required to have a solicitor when selling your house to a cash buyer. However, we always employ the services of a trusted solicitor for you while covering the cost. That way you can have peace of mind during the sale process and can ensure everything is done to the highest standard.
According to Zoopla, it can take between 17 and 34 weeks to sell a London house. This varies depending on the London borough.
Lewisham and Sutton are two of London’s fastest boroughs for house sales, averaging around 30 days. Kensington and Chelsea and Camden are two of London’s slowest boroughs, averaging 82 and 66 days, respectively.
There are various reasons why it’s taking homeowners much longer to sell houses in London today. The main reasons include:
Elongated times for local councils to conduct searches about property and the area’s upcoming plans etc. These local council searches can take from between 14 days to 45 days depending on the borough.
According to the latest UK Residential Conveyancing Market report by IRN, the number of registered conveyancers in England and Wales has dropped by 15% since the Covid pandemic. So there are fewer conveyancers to help with property buying, slowing down the process.
Over 35% of property deals in the UK fell through in 2023. The majority of these were due to buyers changing their minds or trying to renegotiate after the survey. Chain breaks (19%), the sale progressing too slowly (17%), and difficulties securing a mortgage (10%) were the next most common reasons. When a property sale falls through, it can significantly extend the time it takes to sell.
It’s usually a lot faster to sell your house to a cash buyer. We aren’t delayed by mortgage application processes, time-poor estate agents or conveyancers, unanswered emails, or property chains. With The Property Buying Company, you can sell your house in two to three weeks on average. Sometimes as fast as seven days. That’s a fraction of the London average.
14/03/2025 - Content written and edited by Jo Siberry
14/03/2025 - Content updated in line with Editorial Guidelines (Reviewed by Mathew McCorry)