The commonly held belief that the property market slows down during the summer months is nothing but a myth according to Yopa.

Yopa analysed historic market data for the last four years, looking at the average monthly volume of both mortgage approvals and transactions seen over each season, and revealed that over the last two years, summer has consistently seen the highest number of mortgage approvals, surpassing both autumn and winter. In the two years prior, summer was still the second highest for mortgage approvals, with spring being the only season to surpass it. 

Yopa’s National Franchise Director, Steve Anderson, said: “It's clear that the idea of a summer property slowdown is nothing more than a myth and, in reality, the summer season is actually one of the busiest times for the UK property market. 

“Not only do more buyers enter the market in the lead-up to, and during the summer season, but more transactions naturally complete as a result of this increased level of buyer activity. 

“But whilst summer may be extremely busy, the momentum that builds throughout the season tends to carry through to the autumn months. So for those sellers who may not secure a buyer this summer, the chances are they won’t have to wait long before they can make their move.”