The Summer of 2018 has certainly been memorable. England has enjoyed it’s strongest performance at the World Cup for many years while also enjoying (suffering) its longest, hottest summer on record.
While Brits have been off enjoying the weather, thoughts of property purchases have taken a back seat for many. However, as we return to work after the long, hot summer, history suggests that agents may see a busy autumn.
On average in the autumn following the last five driest, sunniest and warmest summers; 1995, 1996, 2003, 2006 and 2013, sales rates picked up by an average of 1.8%.
However, in all other autumns since 1995, sales have declined by an average of 8.7% compared to the summer months.