Estate agents buoyed by July activity

Published on

The National Association of Estate Agents (NAEA) has claimed that July was one of the strongest months for the housing market so far this year.

The NAEA’s monthly market report found that demand for housing had increased, more sellers were putting property onto the market and the average agent made more sales than in June. The average agent in July had 292 registered house hunters, up from 279 in June.

Supply was also up, with agents reporting an average of 68 properties on their books, compared to 59 in June. The percentage of sales being made to first time buyers (FTBs) also increased from 21% to 26%, suggesting that the decision to raise the threshold of Stamp Duty Land Tax to £250,000 is translating into sales.

Michael Jones, president of the NAEA, said: “Demand and supply both increased in July

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

LSL appoints Matt Surridge to new broker propositions role

LSL Financial Services has appointed Matt Surridge as propositions director, a newly created position...

BMPAN introduces industry framework to tackle barriers to career progression

The Black Mortgage Professionals and Allies Network (BMPAN) has launched a new framework aimed...

Scottish BS and Malted AI recognised for customer service technology

Scottish Building Society and Edinburgh-based fintech Malted AI have won the Best Fintech Collaboration...

45,000 Lifetime ISA savers hit by repeated withdrawal penalties

Around 45,000 Lifetime ISA savers incurred more than one withdrawal penalty during the 2024-25...

Keystone’s Phil Riches to retire after 50 years in financial services

Phil Riches is to retire as sales director of Keystone Property Finance later this...

Latest publication

Other news

LSL appoints Matt Surridge to new broker propositions role

LSL Financial Services has appointed Matt Surridge as propositions director, a newly created position...

BMPAN introduces industry framework to tackle barriers to career progression

The Black Mortgage Professionals and Allies Network (BMPAN) has launched a new framework aimed...

Scottish BS and Malted AI recognised for customer service technology

Scottish Building Society and Edinburgh-based fintech Malted AI have won the Best Fintech Collaboration...