The election is over and a new Government has formed. As we enter into a period of adjustment and anticipation, it’s good to identify who the new movers and shakers are when it comes to the property market.
June is often a liminal time in the property market. The spring Bank Holidays are a distant memory, vacations are drawing closer and attentions start to turn elsewhere. Rest assured, deals are still being done and home movers remain active in the market.
May is traditionally a busy time for agents. The two Bank Holidays and warmer weather always encourages people to book valuations and viewings. This month there are other factors at play, as we discuss in our latest property market report.
A quarter of 2024 has already passed and we are entering into peak selling season. Between now and the end of the academic year there is still time to put your property up for sale, exchange contracts and perhaps even complete. Here’s the current mood of the moving market.
Spring traditionally sees a peak in property interest and there are signs that this is definitely the season to move home. Many of the metrics we monitor are on the up, starting with asking prices. The figures show confidence among sellers continues to build.
Although it sounds like a tenuous connection, the property market and the weather are linked. The arrival of early summer has coincided with the traditional uptick in house prices. This May, Rightmove has noted an extraordinary correlation between warmer temperatures and property values.
With a third of the year complete, it’s a good time to appraise the property market. If your primary concern is the direction of house prices, Rightmove can shed light. It found the average house price in Great Britain had climbed 0.2% in April to £366,247.
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