Property market set for post-Valentine’s Day boom
Andrews property group has urged buyers and sellers to list properties ahead of Valentine’s Day this Friday – as the second half of February tends to see a surge in ‘loved-up’ couples seeking to buy or rent new homes together.
The number of properties being put up for sale in the second half of February compared to the first has risen by an average 17% over the past five years.
Meanwhile traffic on the Andrews site has risen by an average of 8% in the second half of February compared to the first in the past five years.
David Westgate, group chief executive, Andrews Property Group, said: “There’s always a surge in overall activity levels in the second half of February compared to the first and it makes sense that Valentine’s Day could be the trigger.
“We get consistently more visitors looking for property to buy or rent and more people instructing us to either sell or let their homes. It’s hard not to conclude that Cupid’s arrow has contributed to those activity levels in some way.”
An average of 9% more ‘lifestyle’ landlord accounts are created in the fortnight after Valentine’s Day.
A lifestyle landlord is someone who has decided to let their property rather than sell it, suggesting that they’d like to keep their options open when moving in with a partner.