Alexey Krichevsky, real estate market expert at the Academy of Finance and Investment Management, said that seasonal factors should be taken into account when buying and selling real estate. The best time for such deals is summer, because during this period “business activity is greatly sagging,” reports the Prime agency.
Krichevsky believes that in the summer homeowners are easier to make concessions to buyers. In addition, it is possible to get a discount of three to four percent on spring real estate prices, if significant changes have not been recorded during this time – for example, a jump in the key rate.
“From this side, May and the period from the beginning of the year to the beginning of February are also interesting, since a decent part of the liquid supply is washed out just at the end of the year as gifts or a solution to a long-standing issue, which is also facilitated by discounts on mortgages,” the specialist noted.
The most favorable time periods for home sales are the periods from February to April and from mid-September to the third decade of December, as business activity increases. It is during these months that it is possible to set the highest real estate price.
However, it is worth remembering that regardless of the time interval, illiquid apartments (far from transport, with a bad view, etc.) are difficult to sell. The expert added that even cosmetic repairs can increase the value of real estate fivefold. “In addition, it is always worth bargaining for buyers and sellers,” concluded Krichevsky.
Earlier, experts identified Russian cities with reactive housing prices. For six months, finished real estate in Sochi has risen more than others in price – by 31 percent.