Knight Frank pre­dicts busy sum­mer for prime mar­kets I

Buckinghamshire Advertiser - - BUCKS PROPERTY -

T LOOKS like be­ing another busy sum­mer for the prime prop­erty mar­ket as po­ten­tial prop­erty buy­ers browse for homes while on the move. Some 22% of UK prop­erty searches on the Knight Frank web­site were from mo­bile de­vices in May/June 2015, up from 14% last year and 10% in 2013.

Tra­di­tion­ally the prime months for selling houses were March through to the end of June with a sec­ond pe­riod of ac­tiv­ity in Septem­ber and Oc­to­ber. These two sea­sons re­flected the end of spring and school sum­mer hol­i­days.

How­ever, there has been a change in re­cent years, with the mar­ket con­tin­u­ing through the usu­ally qui­eter sum­mer months.The num­ber of prop­er­ties sold by Knight Frank be­tween June and Au­gust 2014 was in fact 25% higher than in 2013.

Ru­pert Sweet­ing, head of Knight Frank Coun­try, said: “The in­crease in sum­mer ac­tiv­ity is a re­flec­tion on a num­ber of fac­tors in­clud­ing the pop­u­lar­ity of hol­i­days be­ing taken in the UK and thus be­ing able to see a house more quickly and the rise of the in­ter­net al­low­ing hol­i­day mak­ers to browse their tablets and phones whilst they are re­lax­ing.

“We are see­ing this hap­pen again this year prin­ci­pally as the elec­tion made many buy­ers put their de­ci­sions on hold un­til af­ter the re­sult was known. As a re­sult the mar­ket is six to eight weeks ‘late’.

“We al­ready have a high level of house book­ings go­ing for­ward this month and in Au­gust.”

CEN­TRAL LO­CA­TION: Knight Frank’s Bea­cons­field of­fice in Gre­gories Road.

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