End-of-year period: good season to become a property owner

Indeed, who has not yet wondered what the best season and period is to acquire a new home? In fact, it is not always easy to find the best time to become a property owner, especially when it is your own home. Some seasons are however more favourable for buying and acquiring a new home than others.

The price per sqm or the interest rate are not the only factors that affect the price of a property. Although it is difficult to imagine, weather conditions and temperatures also influence the decisions of sellers and buyers.

What is the best season to acquire a property?

The price of a property varies according to the season: spring, summer, autumn and winter, but which of these seasons will give you easier access to a lower price for a new home?

• In spring and summer:

The fine weather returns from April. It is at this time that the property market is most busy. You will find several sellers, but also several competing buyers. As a result, this is the best period in which you will find better choices of housing according to your tastes and needs.

However, it is also during this period that prices are on the rise. You will therefore find a variety of housing to choose from but may have to pay a little more, as it is at this time that sellers have a better choice between potential buyers. You may also lose the property of your choice if you insist too much on negotiations.

While in summer, the number of competitors falls and thus you have the opportunity to push a little harder on negotiation since this period proves to be a return to calm in property activity.

• In autumn and winter:

When summer ends, the property market often tends to slow down and slows down dramatically. Some will find that autumn is a less favourable period for acquiring a new home as there is less supply and therefore less competition. This also applies to winter as the return of cold and snow encourages sellers to keep their property during this season. Thus, you must search a little more to find the home of your dreams.

It can be said that this period is the ideal period to buy a property. Indeed, it is a calm period for the property market, therefore you can push harder on your negotiations to obtain a property at a better price.

This period is also particularly favourable for buying a property with more advantageous mortgage rates. This is notably the case for the month of September.

Borrowing rates for autumn 2017:

The borrowing rates on the market for September 2017 are for example:

• 1.10% over 7 years.
• 1.30% over 10 years.
• 1.60% over 15 years.
• 1.80% over 20 years.
• 2.00% over 25 years.
• 2.75% over 30 years.

Thus, winter and the end-of-year period are the best seasons to acquire a property at a quite advantageous price. So do not delay any longer and become a property owner in your turn!