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.
2 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.
7 days ago
The Renter’s Rights Bill became law at the end of October, which means it has been signed off by the King, and it is now the Renters’ Rights Act. Despite this becoming law, these changes are likely to start changing within the next six months, with the aim of being fully implemented throughout 2026 and into 2027.
14 days ago
A welcome change in school is coming as financial literacy is due to become compulsory in schools in England.
The Government has announced that as part of the new national curriculum, children in primary and secondary education will be required to learn about budgeting, compound interest, managing money, and mortgages.
28 days ago
Forbes has published a global ranking of stunning locations and one popular picturesque corner of the UK has nabbed top spot.
Over three years after the Mini-Budget took place, we look at what the mortgage market looks like now, showing the difference in mortgage repayments.
The government has announced plans to make buying or selling a home cheaper and quicker with what is being called the “biggest shake-up to the homebuying system in this country’s history.”
1 Oct 2025
Almost one in five equity release mortgages are now taken out to provide financial support to family.
29 Sep 2025
According to industry data, the expected wait for those looking to buy a property has dropped from just over 11 months to less than six months.