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Property supply at highest level in four years: Propertymark

NAEA Propertymark’s end of year housing report shows that the number of properties available on the market is the highest it has been since December 2014.

In the final month of 2018, supply increased by 20 per cent, from 35 in November to 42 in December, according to the firm.

Prospective buyers registered per estate agent branch increased by 8 per cent, from 282 in November, to 304 in December.

Furthermore, sales to first-time buyers increased from 23 per cent to 24 per cent month-on-month, says the report.

However, agreed sales per member branch has continued its downward trend, falling from nine in September, to eight in October, to seven in November and five in December.

NAEA Propertymark chief executive Mark Hayward says: “This month’s findings prove that despite the current political climate, people still want to move.

There is movement in the market with demand from house hunters up 13 per cent year-on-year, and the supply of available properties also rising.

Although the number of sales agreed hit a 12-month low, this is something we always see in December, with Christmas festivities typically taking priority over any plans to buy or sell.

“While many are adopting a ‘wait and see’ strategy until there’s further clarity over what Brexit might mean for the market, there is choice for those who want to buy now, and there are people on the market looking for new homes.”


Increase in properties available: NAEA

The average number of properties to buy per estate agent has gone up 15 per cent from August to September this year, according to professional body National Association of Estate Agents Propertymark. In August this year the average number of properties available per branch was 40, this went up to 46 in September. This is […]

Buyer demand increases as property supply falls, says NAEA

Demand from prospective house-hunters increased by nine per cent in April, while the supply of available homes fell, estate agency data shows. The number of sales made to first-time-buyers also decreased, according to the figures from the National Association of Estate Agents Propertymark. The trade body says that the housing market had previously swung in […]


NAEA and Property Ombudsman call on estate agents to be upfront about informal tenders

Both the National Association of Estate Agents and The Property Ombudsman Christopher Hamer have demanded that estate agents make the practice of sale by informal tender common knowledge to potential bidders. The controversial practice whereby buyers are footing the agent’s fee rather than sellers, means that buyers can expect to pay more in agent’s fees […]


MPs eye post-Brexit ‘passporting’ outside EU

Financial services firms should be able to set up new “passporting” deals with countries outside the EU once they lose access to the single market, according to the head of an influential group of MPs. Treasury select committee chair Nicky Morgan tells the Financial Times that while “passporting” – mutual authorisation for regulatory activities across […]

Creating opportunity out of change

By Denise Wond, marketing manager The buy-to-let market has recently been the subject of a raft of tax changes, all of which make it a less profitable and less appealing proposition for investors. In response, we’ve seen a dip in demand for BTL mortgages and that’s bad news for many advisers who will now be looking […]


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