Thinking of selling or letting your home? It can pay to get your property on the market this Valentine’s day…
According to new figures released by property group, Andrews, the second half of February is set to see a surge in ‘loved-up’ couples seeking to buy or rent new homes together.
Over the last 5 years, their figures show a 17% rise in the number of properties being listed for sale in the second half of February in comparison to the first.
The property group also noted an 8% rise in site traffic in the second half of February compared to the first.
They found this increase in traffic was primarily driven by budding new buyers and tenants.
Andrew’s historical data also showed an average of 9% more ‘lifestyle’ landlord accounts are created in the fortnight after Valentine’s Day.
A lifestyle landlord is someone who has decided to let their property rather than sell it.
This could suggest that they’d like to keep their options open when moving in with a partner.
David Westgate, Group Chief Executive, Andrews Property Group, commented:
“There’s always a surge in overall activity levels in the second half of February compared to the first and it makes sense that Valentine’s Day could be the trigger.
We get consistently more visitors looking for property to buy or rent and more people instructing us to either sell or let their homes. It’s hard not to conclude that Cupid’s arrow has contributed to those activity levels in some way.”
With UK house prices increasing at a record-breaking pace alongside a surge in buyer activity, there’s never been a better time to sell.
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