New data revealed by a major property firm shows that the day after Christmas will bring a significant increase in the buying activity of real estate assets. According to the Greycoat real estate agency´s specialists, the people at Rightmove say this spells an opportunity that all interested parties cannot ignore.
A record number of sellers have put their real estate holding up for sale on Boxing Day, December 26. It’s a 45% hike from the previous year. Another major U.K. firm, Greycoat Real Estate, reports record numbers of sellers are planning a move in the New Year.
The number of people dialing up their real estate agents has been the highest since early September. That figure was also 29% higher when compared to the same time in 2021. Furthermore, the number of properties for sale on Boxing Day by real estate professionals was 173% higher than in 2019 and 46% higher than it was in 2021. Experts with Greycoat Real Estate say that the days after Christmas are a time when the industry experiences a marked upturn in activity.
People are out and about looking for a new home for the New Year. According to Greycoat real estate agency, that explains the robust numbers showing up for Boxing Day (CoStar).
A Greycoat real estate agency spokesperson also said that sellers getting into the market later in January will still have time to take advantage of new buyer activity. It’s all welcome news for property holders who are eager to sell. Many of them may have been biding their time and holding back because of the “disorderly” mortgage situation earlier in the year.