Stockport Property News
Friday on My Mind: Tenancy Start & Completion Day
Tom Simper
Jul 12, 2022, 12:00 PM
Friday remains the most popular day to complete on a house or start a new rental tenancy. 40% of all property sales over the past year have completed on a Friday and a quarter of new rental tenancies were started.
While this may come as no surprise, the proportion of sales completing on a Friday is lower than five years ago, the figure then was 48%. This past year has however seen Christmas Eve, New Year's Eve and the Queen's Platinum Jubilee Bank Holiday fall on a Friday.
With finance transfers less of an issue in the rental market, 20% of new tenancies have started at a weekend.
10% of all new tenancies started over the past year have been on just ten specific dates in the year. These dates all correspond with either the start or the end of a month. Source: Dataloft, DRMA, Land Registry, based on sales and new tenancies started over the past 12 months
About The Blog
This Blog looks at what is happening in Stockport, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Leave a comment