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

Hope Capital ties up with Melius Commercial to expand broker access to bridging finance

Hope Capital Property Finance has partnered with Melius Commercial, delivering more than £7m of...

Beyond the walk: Mortgage leaders talk mental health – Part 7

The Mortgage Industry Mental Health Charter (MIMHC) is hosting its third annual 144-mile Walk...

The Buckinghamshire to host broker webinar on mortgage pricing

Buckinghamshire Building Society is hosting a broker webinar examining how building societies fund mortgages...

The Tipton launches broker portal with Mast Origin

The Tipton & Coseley Building Society has launched a new online application portal as...

Mansfield raises credit repair LTV

Mansfield Building Society has increased the maximum loan-to-value on its Credit Repair Range from...

Latest publication

Other news

Hope Capital ties up with Melius Commercial to expand broker access to bridging finance

Hope Capital Property Finance has partnered with Melius Commercial, delivering more than £7m of...

Beyond the walk: Mortgage leaders talk mental health – Part 7

The Mortgage Industry Mental Health Charter (MIMHC) is hosting its third annual 144-mile Walk...

The Buckinghamshire to host broker webinar on mortgage pricing

Buckinghamshire Building Society is hosting a broker webinar examining how building societies fund mortgages...