Whether you are selling up and looking for a new property project or taking your first step on the property developer or landlord ladder, knowing when to buy your new property is important. In the UK, there are some seasons that are considered great for house purchasing, while others remain a little quieter.
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Which seasons are good for house purchasing?
The housing market in the UK is often most active during the autumn and spring seasons, with more properties being bought and sold than in summer and winter. The general consensus is that this is because many buyers are keen to move in before the summer for spring sales and before the cold weather hits in winter for autumn sales.
Spring and autumn also offer the most temperate weather and attractive planting seasons, which gets people out and about and willing to consider a move rather than hibernating in the winter and taking summer holidays.
What challenges are there in the UK housing market?
The UK housing market is undergoing significant change, with higher interest rates than ever before. Interest has been climbing since before the 2008 financial crisis and with the cost-of-living crisis adding to the mix, they have been growing even higher and making it harder for purchasers to save the required deposit to be able to buy.
Interestingly, house prices have also stagnated but there is a common belief that they may fall in the near future, putting many people off selling their properties. While there are challenges in the property market, this does not mean that buying is a bad idea, rather that buyers need to be aware of what is going on in the market and adjust their thinking to navigate any hurdles.
Things you need to think about when buying a Property
Once you have chosen the house you want to buy and organised all the legal and financial requirements, you will need to start thinking about the things that you need to do before you take ownership. Some of the most important include:
- Arranging your energy & water supply – getting your gas, water and electricity connected is a priority so that your bills are accurate from the get-go. Contact your supplier with the meter readings and they will do the rest for you!
- Choosing and ordering new furniture – at Let Us Furnish, we provide a range of furniture options for property developers, HMO landlords and more – so, you can get everything organised from one supplier.
- Making a cleaning plan – finally, it’s important to give the property you are buying a good clean ready for the new residents. It will also give you the chance to note down any issues that need to be dealt with. Factoring in cleaning time will help you to organise removal times and deliveries so that everything comes together smoothly.
Get your property furnished with the help of Let Us Furnish!
When you are ready to furnish your new property, we are here to help. From bedroom packages to sofas, chairs and dining sets, we have it all. We can even help you to find the best electrical and household goods so that your property really does feel like home for your new tenants.
Get in touch today or take a look at our website for more information.