CORNWALL PROPERTY - TIME TO SELL?
PUBLISHED: 15:27 16 July 2014 | UPDATED: 13:17 30 August 2017
Cameracraft PhotogInfirmary Hill Truro TR1 2JB
Easter is often seen as the best time to market property but research shows autumn is catching up
When it comes to selling up - is there a right time? Don’t get hung up on Easter, say property experts Savills.
The spring months, and more specifically Easter have always been regarded as a prime time for selling a property. Historically this was certainly true, but my experience in recent years leads me to think otherwise. Indeed, if anything, the market has suffered a lull in activity (and perhaps prices achieved?) in April/May, following busy winter months. The strongest period in the last twelve months was between October and March, despite the relentless storms and floods.
The strongest period in the last twelve months was between October and March, despite the relentless storms and floods.
So what’s behind this? Well, one of the main elements to any market are demand and supply. There is so much PR surrounding the property market that the supply of properties available for sale spikes sharply during April/May, so this could have something to do with it. Too much supply of anything is not good for prices.
In the last two or three years, hindsight shows it would have definitely been better (for the seller) to beat the market’ and try to get their property on the market well before Easter, as they would have probably achieved a greater price. This could be a new pattern in the market, but it could just be a blip’ and next year might be different.
The market conditions now change much faster than years ago in reaction to national and global economic news and so my advice would be to have photographs taken during the summer months (when most properties look their best) and then try to forget the traditional selling seasons and pick a period of stable economic news at some point in the year.