July is peak time for British holiday makers and those with
their houses on the market prefer to tie up a deal before they head
off on holiday. Strutt & Parker can report that, despite the
record rainfall, exchanges across all national offices are 20% up
over last week, indicating that movers are keen to wrap up the deal
before they go away.
Michael Fiddes, Head of Agency at Strutt & Parker
believes "The increase in exchanges this week suggests that people
are pushing through deals before they go away. This is not unusual
for this time of year with schools recently breaking up and a host
of families leaving the UK for their summer holidays".
Traditionally September is the start of the autumn market and a
prime selling time for UK property. But before putting their home
on the market sellers must choose an estate agent, and prepare
their homes, finances and lives for their next move. Since many
families go away in August, July is also a key time for agents to
meet home owners and start planning a campaign to bring their
property to market.
Fiddes adds "People who are thinking about a move don't
want to worry about all the finer details when they are on holiday.
For this reason our office has been busier planning for the autumn
market. We're finding that people like to determine which agent
they want to market their home with before they go away, even if
they're not launching until mid-September".