If you are buying housing in other seasons than the most obvious one, is it possible to save money - both when it comes to condos, houses and cottages.
the Fourth quarter (October-december) is the time of year where there are traded the fewest homes in Denmark, while the second quarter (april-June) is the quarter in which that are being sold most.
And the price follows the demand. Calculations show that you can save 18.000 kr. pr. million dollars, you buy a house for, if you do it in the off-season. It will say that you can save around 54.000 kr., if you buy a house or apartment for three million in the fourth quarter.
If your next boligindkøb is a holiday home, you can save even more money if you buy at the ’right’ time of the year.
buying a home: advice before you buy your first home
the more The sea and garden around the house, the greater the seasonal fluctuations are generally included. This means that sales of vacation homes are more vejrfølsomt than other housing types.
the Sale of second homes, peaker and dive a month staggered in relation to the rest of the housing market. The summer months in the third quarter (July-september) is the time of year where there are traded the most second homes, and January, February and march is the time of year when they are cheapest.
the Calculations show that the saving is at 36,000 kr. for every million you purchase the cottage, if you buy it in the off-season rather than high season.
That just the holiday homes are more season-price sensitive is because they are a luxury good. This means that you can do without the holiday homes in times of economic smalhans, and therefore do not require so many homes. And it gives automatically higher the fluctuations in the prices, which is also reflected in the statistics.
are you Considering buying a cottage in the neighborhood of two million, you can, according to the calculations save approx. 72.000 dkk., if you do in the first months instead of waiting for summer.
Investing in a holiday home
Among the explanations that there is more demand in real estate during the spring and summer is that it is more inviting, when the trees and flowers are blown out, you can swim on the beach, and there is more life in the villakvarterene and in the country. And then there are many families that would like to move over the summer, so the kids can get a fresh start in the day care centre or school, when the new year begins.
another factor is that people often do not feel they have the time to buy a home in november/december because it is christmas.
See what your and the neighbor's home is worth
But before you get out to find your dream home in the middle of the winter to save money, there are a few things that are worth keeping in mind.
the Supply is not so large in the off-season. It means, that there are so many homes to choose from in the cold months. On the way, you can miss your house of dreams, if the cost saving is the only thing you go after.
another thing is that you must be ready to haggle on the price in the autumn and winter season in order to get it cheaper. It is primarily in a price reduction, you get the saving.
See house prices in your municipality over the last 20 years
Organic Bolius is owned by Realdania.
Organic Bolius is non-commercial and sells neither products nor services.
