13 May 2024
What is the most popular time of year to buy a house?
Does the time of year make a difference in house purchases? The answer is, yes and no.
The popularity of buying a house can vary depending on various factors such as regional trends, how the economy looks, and of course personal circumstances. However, the spring is usually the most popular time for buying a home.
Seasons
Spring is an optimal time of year to buy a property because you will find there are more properties on the market. Despite having more options, sales tend to go through faster as most people are keen to complete in time for summer.
Summer can often be quiet as many families jet off on holiday or are home with the kids during the school holidays. Demand spikes again in September being the second most popular time to purchase a home with the kids back at school and Christmas still a little way away.
During mid-November and December, sales are down due to a lower level of demand. Most people will be focusing on Christmas and entertaining, with selling up being the last thing on their minds. There is usually an increase in properties on the market from Boxing Day to New Year with New Year resolutions flying around and people wanting to make changes.
Economic Factors
The housing market is affected by the state of the economy, interest rates, and inflation. The Bank of England has been increasing the rate since December 2021, and it has remained the same (5.25%) since August 2023.
There is no ‘right’ time to buy as there are just different times which come with pros and cons. Ultimately, it comes down to your personal circumstances, and what works best for you.
Recent posts
Choosing which fixed rate to go for has been a dilemma for many of our clients so far this year. There really isn’t a right or wrong answer, but below we will look into the pros and cons of a two-year and five-year to help you make the right decision for you.
Best UK Mortgage Rates this Week
13 days ago
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Stamp Duty Rush as Deadline Looms
14 days ago
According to Rightmove, a whopping 500,000 UK homebuyers are rushing to finalise their home purchase before the new Stamp Duty rules change in April.
The UK government is introducing new rules for Energy Performance Certificates (EPCs) that will impact landlords. Here's a summary of the key changes
Should I buy or rent in 2025?
21 days ago
Choosing to buy a house is one of the biggest decisions you are likely to make in your lifetime. There are many factors that influence a house purchase, these include: finances, housing market conditions, and mortgage rates.
ISAs: what are they, and which one is for me
24 days ago
Since being launched back in 1999 Individual Saving Accounts (ISAs) have been very popular for those wanting to put money into savings. There are four types of ISA, and the majority allow flexible saving and the ability to withdraw funds easily. There are financial penalties on certain products, these usually pay the most interest.
Benefits of buying a new build home
28 Feb 2025
According to the Office for National Statistics, last year (ending March 2024), there were 153,800 new homes completed in the UK. To help the housing crisis, the UK government has pledged to build 1.5 million new homes in the next five years.
Check out some of the reasons why a new-build home might be for you.
Many households are still being affected by the high cost of living, with several people worrying about how they can make ends meet on a monthly-basis. Unfortunately, the cost of bills including, water, council tax, and energy are still rising. Here are some things you can do.
More information
Trusted by
