This can be a difficult question to answer as there are many factors, economic and political, that can affect the UK housing market. As many people will be aware, the protracted negotiations over Brexit have recently taken their toll, particularly on the London property market, as uncertainties affecting the future prospects of European workers coming to the capital have yet to be resolved.
Spring kick-starts the market
The time of the year can play a part in whether your property sells quickly. Traditionally, estate agents report that once the clocks go forward in spring, housing demand picks up. Improving weather and in-bloom gardens can all help a property look its best. Families with school-age children who are moving into a new area often choose this time to start house hunting, hoping to tie in their move with school terms.
The peak holiday months of July and August are quiet months for property sales. However, once the children go back to school in September, the housing market tends to pick up, in the hope that the move can be completed in time to celebrate Christmas in a new home. Although December is traditionally slow, January sees renewed activity as people start making their plans for the year ahead.
Getting the timing right
Whilst seasonal peaks and troughs can be universal, it always makes sense to look at what’s happening in your local market before contemplating a sale. Taking a look at the various online sites that show what comparable properties have been sold for, rather than the price they were initially advertised at, will help ensure you get your asking price right. This can be key in getting a quick sale.