If you plan on selling your home, it makes sense to be active when buyers are present. Traditionally, spring is the busiest time of year in the UK property market, but the market has evolved in recent times. There is a lot to be said for the market being operational in winter, and there is significant evidence from leading property market professionals to confirm this belief.
In 2018, Miles Shipside, a Director and Housing Market analyst at Rightmove, said; “The window of maximum buyer negotiating opportunity starts to close from Boxing Day onwards, as more buyers become active in the market. From the low point on Christmas Day, the number of pages of property viewed on Rightmove last year more than tripled (+228%) by the first working day of the New Year.”
People are looking for a new home long before 1st of January
As soon as Christmas Day is over, people are no longer focused on the festive season, and they are now looking ahead. Whatever plans a person is looking to implement for New Year will be at the heart of their thoughts at this time. Even if someone is lazing around watching TV or box sets, they can use their smartphone, tablet or laptop to peruse property portals.
Also, vendors should be aware the impact the General Election will have on buyers. While the initial Boris Bounce in the aftermath of the election result has subsided, there are still buyers looking to purchase property. One of the biggest issues in the property market in recent times is the lack of stability and certainty.
Political certainty helps people make significant decisions
When people are uncertain about the economy or the political landscape of the country, they are unwilling to make big decisions. However, the sizable deposit held by the Conservative Government suggests they are set to bring stability to the country. They also look set to deliver Brexit, with the move away from the European Union looking closer than ever before. These outcomes bring stability and certainty to the country, which will encourage people to finally make a move in the market.
No one should expect all the housing market problems to be resolved overnight, or in the near future, but it is positive news for people who are keen to sell their home.
The start of a New Year is always a reason for people to think about moving home. However, the recent changes will affect the market even more, making this an interesting time for buyers and vendors alike. If you want to remain informed of market changes, rely on a local agent.
If you plan on selling your home in 2020, and you would like to arrange a property valuation, please get in touch with us. We are delighted to say we have assisted many Rubery vendors in selling their home, and we look forward to helping you connect with likely buyers.
Anyone looking to reach willing buyers in 2020 should contact us today, and we will be more than happy to assist you.