In real estate, the time of year can be important. Indeed, there is a lot of real estate activity every year in the spring. There are many reasons for this. Here are some explanations.

Spring-Summer

People who are transferred or change jobs often prefer to move during the summer so as not to interfere with their children's school year. To do this, it is obviously necessary to sign a compromise or even a sale agreement in the spring. This high level of activity in the spring precedes a drop in activity during the summer. Due to the holidays and the large number of purchases in the spring, the Luxembourg property market generally experiences a logical drop in activity during the months of July and August.

This allows buyers to get a good deal. Sellers who have not succeeded in selling their house in the spring will be more inclined to lower the selling price. It is therefore at this time that the best deals can be made.

So the advice to buyers is to leave the busy spring period behind and wait for the summer.

At this time, you will have more room for manoeuvre when negotiating to find an excellent deal. Because this drop in activity also means a drop in competition, i.e. fewer buyers on the market. This will allow you to choose a property by taking your time and ensuring you choose the right one.

Putting it up for sale

As we have seen, the summer is favourable to buyers who will have more room for manoeuvre in negotiations due to the drop in activity in the sector over this period.

However, if you have a house for sale in Luxembourg, make sure that it is on sale in the spring.

The demand is then much higher. This is when you are in the best position to sell your house. People want to move in during the summer. For many people it will be necessary to conclude the sale in the spring in order to be able to settle in properly.

Autumn-Winter

In autumn, real estate activity in Luxembourg picks up fairly quickly. Future buyers are on hand. In October, the National Housing Week held in the capital boosts the sector, and interest in real estate is back among buyers.

Finally, in winter, buyers may also have an advantage due to the time of year. Fewer transactions are carried out during the winter, especially during the holiday season. This also means that fewer properties will be available. On the other hand, from the beginning of the year, new buyers and sellers arrive on the market with new projects.

In conclusion, the summer is a good time to buy a house or flat in Luxembourg. You will be able to take advantage of many properties that did not find buyers during the spring and you will be able to take advantage of this to make good deals.

Visit your local estate agent in Luxembourg to find out about the market and the properties that might interest you.