🗳️ Should you list your home for sale or does the election mean you should wait? 🤔 🏡
If you are considering moving or you're not sure what your plans are for the rest of the year, read on to see how the election may impact buyer demand. Should you list now or wait? 🤔
Should you list your home now or wait? What does the election mean? 🤔
Whilst every election is different, it helps to look at the past to predict the future. 📅🔍
Rightmove (the largest property portal) says that 95% of people planning to move home say the upcoming election will not affect their plans. 🏠📈
What does buyer demand look like? 📊
Rightmove measures buyer demand by looking at the number of people sending enquiries to them about homes for sale. Looking at the housing market in previous general elections (2015 and 2019), we can see that the market remained steady, both before and during the election period. In fact, there was a bounce in activity after both. 📈📉
In 2015, demand from buyers was consistent leading up to the election, which was held in May. Demand then increased the following month and was 18% higher than the year before. 🔼🔼
Similarly, in 2019, demand remained stable in the months prior, and saw an annual increase of 13% in the December election month. This was followed by an annual increase in buyer demand of 14% in January 2020. 📈🏘️
Impact on Gravesham 📍
If the Gravesham market follows the national market, we can expect to see an increase in buyer demand in August of this year. 📅
If you are considering a move, now is the time to start preparing to take advantage of the increase in demand and to achieve the best price for your home. 💰🏠
Should you have any queries, please contact the office. We are here and ready to help. 📞💼
📞 01474 321957
🌐 www.mandmprop.co.uk
📧 sales@mandmprop.co.uk
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