Selling prices set to drop in winter

Michael Lloyd

September 24, 2019

Homeowners planning to sell their homes could be selling for less due to the time of year, estate agent comparison website GetAgent has revealed.

In 2018, the average selling price dropped by 7.7% between the summer and autumn months to £244,984.

Last year also saw selling prices decline by a further 17.4% during the winter months.

Colby Short, founder and chief executive of GetAgent, said: “While the dark clouds of political uncertainty continue to overshadow the health of the UK property market, seasonal trends show that prices and transactions are due to dip even further.

“Seasonal swings are a factor that influences many different areas of business, not just property, however, when coupled with an already uncertain landscape, they can make mediocre market conditions seem a lot worse than they really are.”

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