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House Buying Seasons

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  • 25-08-2005 3:20pm
    #1
    simp
    Closed Accounts Posts: 44 ✭


    Hi There:-

    I'm starting to look around for a house to buy, and have noticed that the supply of cetain types of houses seems to have dried up over August... I'm hoping that this may be due to that being the holiday month? A mortgage broker I was speaking to in July said as much, and told me not to expect to get much done with banks and solicitors until September, as everyone would be away.

    Which brings me to my question - is there an annual supply/demand cyle in the property market, and if so, what are its seasons?

    Thanks in advance for your thoughts...


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    #2
    MorningStar
    Closed Accounts Posts: 3,031 ✭✭✭MorningStar


    There are seasons alright. Depending on what you are doing and want.

    Very general rules spring/summer good to sell winter good to buy.

    New builds tend to complete in autum but it is best to buy off the plans for new builds where possible.

    Remember guide prices on 2nd hand houses tend to be 10-25% less than what they want.


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    #3
    Victor
    Registered Users Posts: 78,388 ✭✭✭✭Victor


    Nothing much sells in either August or December.


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