Moving to a new home may seem like a daunting prospect, but it’s one of the most exciting things you can do. When you take into account the current market conditions and the wide range of options available to you, there are several reasons why now is the perfect time to make your dream move.
Property prices have stabilised
One of the main reasons that now is an excellent time to move to a new home is that property price inflation has stabilised. In the past 12 months, property prices have fallen 1.2% on average, compared to a 7.2% increase the previous year.* This demonstrates that buyer affordability has increased, allowing people to find a home they love at a reasonable price. It also gives buyers renewed confidence, as they can make more informed decisions without fear of a sudden price drop. So, while a slight decrease in prices may appear concerning at first glance, it may actually be viewed as a benefit to those looking to move to a new home.
There are plenty of properties available
Another reason why now is a great time to move is because there are a wide variety of properties available on the market. The annual average number of homes for sale is the highest it has been in six years, with 34% more homes available than there were in the previous year. As a result of this, the average estate agency branch now has 31 homes for sale, giving buyers a wide range of choices.* With more options at their disposal, buyers are able to carefully consider the price, location, size, and amenities of a property before making a decision. The increased competition among sellers could potentially result in more competitive pricing, allowing buyers to negotiate prices and find better properties within their budget.
Moving doesn’t take long
Many people are put off moving to a new home because they think it will take a long time, but this is not necessarily the case. On average, it takes just 34 days to sell a home in the UK.* This figure shows how high the demand for properties really is, which is great news for sellers, and it also means there is a reduced waiting time for buyers. The amount of time it currently takes to sell a property shows that the market is fast-paced while still remaining stable, which makes now a great time to move.
Moving is exciting!
Moving to a new home is an exciting and joyful experience that marks the beginning of a new chapter in your life. It is an opportunity to start over and break old routines in order to live a more varied lifestyle. Whether you’re looking to relocate for a new job opportunity, a change of scenery, or for any other reason, moving is a chance to re-invent yourself and create a new personalised space for you and your loved ones.
How your agent can help
An experienced estate agent’s expertise makes the home-moving process much more seamless. They will guide you through the moving process and help you make an informed decision by utilising their expertise and knowledge of the local market. They will show you a wide range of available properties and tailor your search to your needs and preferences. They will also assist you in selling your home quickly for a good price, allowing you to kickstart your future in no time.