Now, let’s have a closer look at the reasons why now is a good time for YOU to buy, sell or invest.
As a seller…
…February and spring is the time when property sales really start to pick up, which is supported by Rightmove's analysis that 66.4% of homes listed in February find a buyer and that at this time of year, a home typically sells within 51 days.‡ We’re currently already experiencing increased buyer confidence, suggesting a promising year for the property market. Seller confidence is also rising, shown by the growing numbers of properties coming onto the market, which is 15% higher than at the start of 2023.** What’s more, Rightmove reports that February is the best time to list your property and that the number of sales being agreed is 20% higher than the same time last year, which in turn shows that properties are being priced in a way that is enticing buyers.** Chris Rosindale, Director of Operations at Connells Group, further highlights the importance of “pricing your property right when entering the market, as it is key to accelerate your sale. Especially in the current conditions, as those who are currently looking to buy are more committed and prepared to buy.”
As a buyer...
… the current range of properties to choose from is great and, despite the current mortgage rates, Zoopla confirms that the current property market is a buyer’s market. With both Rightmove and Zoopla, having had a busy start to 2024, including increased property portal visits and 1% more homes being available for sale, when compared to pre-pandemic 2019 levels, you have a good chance of finding a property that suits your needs.**
Additionally, with many sellers pricing their properties well, the property market is becoming more and more welcoming for anyone wanting to buy.^