Spring Surge Predicted In The Property Market
Published: 08/03/2022
March is here and soon will be the start of Springtime! As we enter the Spring season, potential homebuyers and sellers are being advised about a predicted Spring surge throughout the property market.
Recent reports and data published by UK-based property website, Rightmove, suggest that March is considered the strongest month of the year when it comes to selling on the property market.
The study, which compared house-moving data over the last five years (excluding 2020, when the market was partially closed due to the coronavirus pandemic), showed that March was the month when most homebuyers took to the market, making more enquiries for properties than any other time of the year.
As a result, this means competition between potential homebuyers throughout the month will be at its fiercest, making it an opportunistic time for anyone considering selling their home, to take advantage. Rightmove go on to suggest that April is the second strongest month of the year when it comes to selling properties, closely followed by May.
As the predicted Spring surge begins to unfold in the coming weeks and months, the level of homebuying and selling continues to increase every month since the start of the new year, with properties currently on the market being snapped up by buyers in an average of 39 days, compared to an average of 59 days over the last five years.
There has also been a big 70% increase in interest for properties with gardens, as homebuyers continue to look to enjoy more outdoor space.
If your clients are looking to take advantage of the potential property market boom from Springtime and beyond, but unsure whether now is the best time to put their home on the market, it’s worth considering the length of time it takes for property transactions to be completed, with the average being around three to six months.
We can help your clients secure their new home
If your client is giving serious consideration to putting their home on the market this year, now might be the perfect time to take advantage of the influx in interest expected within the market in the coming weeks and months.
Whether your client wants to purchase their first home, make the move to pastures new or sell up, we have a range of brilliant deals every month, along with a wealth of experience and expertise in the property sector with over 37 years’ experience.
To find out more about the range of deals we have available including our combined sale and purchase deal, simply get in touch with our brilliant conveyancing team today!
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For more information email Teresa on teresa.abols@gw.legal or Helen on Helen.Bond@gw.legalOr simply click here to get in touch
Content correct at time of publication