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Property News | Buying & Selling Over The Christmas Period

property news

Some people believe that moving house over the festive period is a mistake, but that is no longer the case!

Over the festive period, people have much more free time on their hands and motivation to make a change in time for the new year, so it can be a great time to buy and sell.

For both home buyers and sellers, the festive period is the new seasonal peak, thanks to the Boxing Day bounce and incredible January price rise! According to Zoopla, the number of website visits they receive over this period are forecast to rise over 60% month-on-month in December!

Record Viewer Numbers On Boxing Day

Last year Rightmove announced a record number of website visitors on Boxing Day. According to the data, more than 2 million people viewed more than 40 million pages on Rightmove, and this shows no sign of slowing down, in fact we are on track to beat the record in 2020!

The Boxing Day Bounce

Boxing Day arrives and many people tend to spend a lot of their time sitting on their phones, tablets, and computers surfing the web. In fact, many people take the opportunity to be proactive and begin thinking about the future. Whether that be the consideration to downsize because the kids have flown the nest, upsize to meet the demands of a growing family or move closer to the grandkids, it is only natural to start looking towards the New Year and many people are keen to make a fresh start or improve their life. Buying a property or moving is a key ambition for many. Therefore, you’ll find a lot of people searching for property in the festive period and this phenomenon has been referred to as ‘The Boxing Day Bounce’.

Incredible January Price Rise

Not only is traffic to the site on the rise, Rightmove recorded its highest ever January price rise at the beginning of 2020. The figure was based on almost 65,000 properties marketed between December 8 – January 11 – a crucial and busy time for buyers and sellers. The more buyers searching, the more eyes on your property which makes for a faster sale! A win – win!

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