Locals are most likely to look for a new home in Spring

Spring has long been regarded as the key time for househunters to come out of hibernation and look for a new home – and new research has confirmed this trend is set to continue this year.

A study from five star housebuilder Barratt Homes reveals that more than 45 per cent of first time buyers in Exeter said they would be most likely to start their new home search in the spring which was more popular than Easter, summer and the new year.

“It seems the spring boost is more than just a housing myth,’’ said Barratt sales director Lee Monk. “Our research suggests that as soon as spring is underway people look to create their own nest and start the housing search.’’

And it seems that both men and women see spring as the best time to start househunting although at other times of the year men are more likely to look at homes in the summer while women are keener to have begun the search in the new year.

This year’s spring boost is set to be one of the largest in recent years with increased confidence in the market and a raft of positive figures from the industry giving the local market a real boost.

“It is clear that plenty of customers think now is a great time to take their next step on the property ladder,’’ said Lee.

“The availability and publicity around 5% deposit, low interest rate mortgages - through schemes such as the Government backed Help to Buy scheme which has now been extended to 2020, have helped to create a surge in enquiries and we have been extremely busy with buyer enquiries.’’

Barratt currently has a range of homes available at its Exeter developments, Rydon Place and Hillside Gardens.

For advice on the schemes Barratt has to offer first time buyers call 0844 5710 385, or log onto www.barratthomes.co.uk