Sell now to take advantage of record asking prices

The summer usually sees a seasonal lull in the market, with less activity than other times of the year due to people on holiday either at home or abroad. This summer is set to be an exception, however, with ever-rising property prices driving the market. Move Places looks at the reasons why prices are rising and how you can make the most of the situation by selling this summer.

Why is the UK property market so busy this summer?

According to research by Rightmove, more vendors are active this summer as they want to sell while their property is at its highest value, keeping the market more than ticking over. Demand, especially for larger properties, has been exceeding the number of homes on the market but an increase in sellers is helping to ease the impact of previously low stock levels.

Prices are at a historic peak….

It’s unsurprising that homeowners are looking to sell as prices have been soaring this year. According to the Office for National Statistics (ONS), the value of the average UK property sale was at a high of almost £300,000 in May 2022 - £32,000 higher than the same month in 2021.

…and they’re still climbing

Although many people have tried to call the peak of the property market, prices are still rising. So far this year, prices have climbed by 6.8%, which equates to £18,849 of extra value. Where does that leave the value of your home? Book a valuation with Move Places and we’re sure you’ll be surprised by how much your home could sell for.

Take advantage and sell your home this summer

If you are looking to sell your home this summer, choosing the right estate agent is key and Move Places is best placed to clinch that sale for you. As an experienced online estate agent, we will ensure you take advantage of this summer’s burst of selling activity.

We offer a fast and hassle-free way to sell your home, with maximum marketing exposure on our website and on all the leading property portals, plus we’ll share your property with our own unique database of pre-qualified buyers and investors.

Also looking for a property to buy? Check out our houses and flats for sale as your dream home might already be waiting.