October always seems to give us sunny-summer-like days, but the good news is that the UK property market is also faring well. During the summer, sales agreed were 15% higher than the same time last year.* We take a look at why the sun is continuing to shine on the UK property market this October, and what that means for your next move. 

Good market conditions 

Now that the labour government has settled in, the market has stabilised, and buyer and seller confidence is going from strength to strength. Many buyers who wanted to wait until after the election to place their homes on the market are now moving and accepting healthy offers and the positive effects of this can be seen down the chain. This means there are more homes for you to choose from and more buyers are in a strong position to buy your home. 

A more settled mortgage market 

Increasingly competitive mortgage rates becoming available and an acceptance of the ‘new normal’ means this month is a new beginning in more ways than one. Making a fresh start is now more compelling as home buyers accept that the ten-year period of ultra-low mortgage rates is not set to return. Current increasingly competitive mortgage interest rates today represent value for money by historical standards, and this helps stabilise the market, keeps house prices from spiralling out of control, and stops home-movers from delaying their move. 

Great weather for moving 

October is a good month to move. With a bit of luck, you could be on the move in time to cosy up for winter. You may also benefit from eager home-movers who want to sell in the autumn months and want to get on the move before winter arrives. With many people choosing spring as their time to move, you might find your solicitor and removals company a little less busy at this time of year. 

Christmas is on the horizon

Many home-movers will want to get into their new homes in time for Christmas and this can stir up interest in your home if you are thinking of selling. Making a fresh start in October with the beginning of a season also opens the door to making a fresh start in time for the new year. And now that the holidays are over for many, it’s back to the business of moving. Christmas comes around quickly and with the property market performing well, so could your home’s sale. So, the prospect of being in the home you want in time for the festivities is an increasingly realistic goal.  

The power of home-happiness 

With such a compelling choice of amazing properties on the market and the happiness they bring with them, it’s little wonder so many people are getting on the move. Demand for good properties is high all year-round, and the profound and positive effects of finding the right property are almost immeasurable. More rooms, exquisite outdoor spaces, locations to love, and the features and magical feelings great homes give you should never be underestimated. Market conditions sometimes fluctuate over the years but memories last for ever and more and more people are embracing this sentiment.