Best time of the year to sell a property
We help you with the fundamental keys that you should pay attention to in order not to make a mistake.
Is there a better time to sell, and what does it depend on?
At Monapart we know about variables and trends, that's why, if you are looking for sell your flat with the right timing, we help you with the fundamental keys you need to pay attention to so you don't get it wrong.
When is the best time of the year to sell your flat?
Popular belief states that the best time is the spring-summer season. We will explain why this is so below. For the time being, it is our turn to speak out and say that this not always true. The real estate market is far from predictable and controllable. In our experience, each sector within the market is unique and has its own variables. Let's take a few examples:
Example 1Who sells in autumn has less competition, as there is usually less supply.
Example 2: In winter, buyers have better opportunities to obtain mortgage loans. It happens that September and October, coinciding with the last quarter of the year, is when banks start to feel the pressure to meet their annual targets. This forces them to offer better financing conditions...
Example 3In autumn and winter, prices for repairs and renovations tend to be lower. This encourages buyers to close deals at this time of year.
You see, not everything is so linear and static - it's hard to find the best time of the year to sell a property!
The keys to knowing when it is the right time to sell a property:
In order to define the best time of the year to sell a property, we must carry out an analysis of certain factors. It is not only changes in the thermostat that define the ideal time of year to sell your flat or property.
It is extremely important, at the very least, to pay attention to historical house price variations and the number of monthly transactions registered in previous years. These data are not everything, but they do provide us with the basic information we need to have a more or less clear view of the time frame in which it is most convenient to sell.
The evolution of purchase prices over the last year
According to a study by the consultancy Tinsa published in the newspaper El País:
It is observed that in the months of May to August 2021, there is a general increase in prices driven by demand. We can also see the existence of "divergent behaviours between different segments, new versus used and second versus first homes" in this price increase. We must also be aware of the impact of confinement, how it influenced many families not only to bring forward the decision to buy, but to opt for a home. more open, spacious, with communal areas, terrace and/or garden.
The study of variation in the number of operations
It is now the National Statistical Institute which helps us to visualise the behaviour of buyers. We can clearly see the upturn in the number of transactions from May until September. This upswing is also largely due to the post-Covid effect and the revaluation of homes in the outskirts of big cities.
Finally, in this chart we take a closer look at the year-on-year variations in the percentages of real estate sales and purchases. Although the summer buying trend continues, our point is confirmed: In order to define the best time of the year to sell a property, we must take into account a multitude of factors that influence market movements.
That said, here are the other factors and data to take into consideration to know when it is best to sell:
- Real estate offer
- Number of mortgages taken out
- Household debt ratio
- Demographic factors such as the population pyramid
- Tourist information
- Unemployment data
- Number of ERTES and ERES
- Changes in GDP
- Interest rates
- The state of the EURIBOR
All mixed in with national and regional news, political measures, pandemics, wars, natural disasters, etc. If you are interested in going deeper, Alba García García He explains it with great patience in his real estate vlog:
The best time to sell your flat is summer, why does everyone seem to prefer it that way?
By now, it's clear to you. Heat, holidays and free time are important factors, tipping the balance. But, Defining a time of the year as the "best" time to sell your flat is more complicated than it seems.
So why do people insist on summer?
- It is a time to rethink objectives. Especially in the family order. We are thinking about going back to school, the shopper has more time and energy to go out and search. Motivation and willingness to change is higher and the mood is better.
- The days are longer. There is more light, which means that the properties for sale can be visited for a longer number of hours than in other seasons of the year. In addition, this same light brings a feeling of spaciousness to the spaces, highlighting the quality of the materials and finishes.
- Certain types of homes are appreciating in value. For example, properties located near the coast, such as those with terraces, patios or swimming pools. Ground floors with gardens or houses with open areas or sports facilities.
The best time of the year to sell a property is conditioned by millions of small details. In the end, what it comes down to is to ensure that the sale brings the highest profit that the market allows, whatever time of year it is. At Monapart, we are experts in finding the right time to sell your property. If you are thinking of sell your flatWe can help you and at any time of the year! ;D
