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Property investment is often reliant on buying property at the right price, and the four seasons of the year can bring up variances in the price buy to let property investors may have to pay.
Research by estate agent comparison website, GetAgent.co.uk, has looked at the impact of the four seasons on property transactions and sold prices and the premium carried by seasonally influenced road names.
GetAgent looked at the change in transactions and sold prices across each of the seasons last year, as well as the current sold prices for road names with a seasonal twist to have sold so far this year.
The research shows that last year the average price for property transactions was at its highest during the summer months at £265,546, up 20.5 per cent from the spring average of £220,366.
Last year, the average sold price dropped -7.7 per cent between the summer and autumn seasons to £244,984 and the market froze further during the winter months with a -17.4 per cent fall in sold prices. Transactions also dropped -1.8 per cent between the summer and autumn seasons and -1.1per cent between autumn and winter.
However, while the autumn and winter seasons aren’t great for the market as a whole, they could see property sellers with seasonal road names quids in.
So far this year, road names containing winter in them have seen property sell for an average of £284,741, considerably higher than the national average.
Autumn ranks second with an average sold price of £281,380, closely followed by summer at £280,576, with spring ranking the lowest but still at a notable £263,146.
Founder and CEO of GetAgent, Colby Short, commented: ‘Seasonal swings are a factor that influences many different areas of business, not just property, however, when coupled with an already uncertain landscape, they can make mediocre market conditions seem a lot worse than they really are.
‘While home sellers won’t welcome an even tougher time to sell and for the price that they would like, those with the Brexit silver bullet of a winter of autumn related road name should be able to defy the doom and gloom to secure a good price for their home.’