The UK property market has peaks and troughs. For example, more people usually want to buy and sell in spring than at Christmas or in the summer when they are away or busy with school holidays. The Homeowner’s Alliance also says that spring can be an optimum time because the weather is more likely to be good; the garden will be in bloom and more people will be at home. Autumn can also be a good time to buy too although sellers may need to be ready to move fast or risk waiting until after Christmas.
First-time buyers and investors who are ready to buy may decide to make those market peaks and troughs work for them by buying during the slower season. However, that could mean not being able to view as many potential homes as you would like because sellers are holding back.
Of course, when you’re buying a new build home you don’t see that drop off in available housing. At Barratt Homes, we build property all year round as well as offering schemes including Part Exchange Xtra and Movemaker schemes to help prevent you from getting stuck in a slow-moving chain. And with the governments Help to Buy scheme, available exclusively for new build properties, you can get moving with just a 5% deposit.