Love is in the air, and there are also signs of “for sale”. This Valentine's Day, we're playing Cupid for London properties, but the timing doesn't get better. RightMove's latest survey will complete nearly seven of the 10 properties listed in February.
Why do buyers really like February?
RightMove data shows that it's not just romance in February. It's also the best time to list properties.
Analyzing sales from 2012 to 2023, the survey showed that January and February were the fastest two months for new real estate listings in 51 days. Meanwhile, nearly seven (66.3%) of the 10 homes listed in February and March were completed as successful sales. February will be a sweet spot.
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~10 of 7
Houses listed in February
Complete the sale
51
The fastest month of this year to find a buyer
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Markets in 2025 look rosy
We see a clear rise in positive emotions, and it is enough to even flapping the wings of the most cynical heart.
Read the article: Mortgage fees are under 4% – Purchase time?
Just yesterday we shared exciting news about a mortgage rate of less than 4%. This is an important milestone for buyers, breaking the “psychological barriers” that keeps some buyers on the fence as an industry expert in Alexander Hall mortgage brokers. They see this positive change directly with their clients, so we see it too.
Lenders also feel love. Emotions have improved, opening up opportunities for lenders to offer a wider range of mortgage products and potentially facilitate affordable checks for mortgage applications. It's particularly exciting to see more innovative products to help first-time buyers.
All of these positive feelings? The data backs up it. A survey by RightMove found that buyer demand increased by 8% compared to the same period last year, while sales numbers increased by 15%.
A match in London
They say to love and when you stop looking, you will find “one”. But with property? That's when you need to cast the widest net possible.
London is not just a market, it is a complex network of lively communities with their own unique charms. Your perfect buyer may now dream of your zip code…or they may not even know that they still want it. Two in five Foxtons buyers will be moved to areas other than their initial search. So, if the agent only sells his property to people watching the local patch, he missed out on an entire audience of motivated buyers.
So, Foxtons allows negotiators to have the opportunity to play matchmakers between buyers and neighbors. With over 50 connected offices across capital, our agents will display properties everywhere, not just assigned patches, and use the latest data from the entire network to purchase even when the search begins. It can reach the person.
Find love with a month's numbers to list
With love and wealth,
Timing is everything.
And now?
It's perfect.
People always wonder: “When do you cherish my property?”
A natural preference is to first see what's there before you dive into the market with your own property. But if you start by looking for your next home and finding “The One,” your sales won't happen in time to buy it.
Don't make your property a runaway. Book a free rating with Foxtons and be proud of your Cupid.
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