Rise in number of house hunters

Published on

The National Association of Estate Agents (NAEA) has reported a rise in the average number of house hunters per estate agent in November.

The average estate agent branch had 241 house hunters registered in November, compared to 218 in October.

The NAEA also found that sales levels remained constant for the fourth month in a row, with the average branch selling seven properties. This was particularly positive as the market is entering its annual seasonal slowdown, when activity traditionally slows, the trade body said.

However, the number of registered sellers fell slightly in November. The average branch had 64 properties on its books, compared to 67 in October.

The percentage of sales being made to first time buyers also fell – from 23% in October to 19% in November.

Michael Jones, NAEA president, said: “There is still clear evidence of demand for property in the UK housing market. In fact

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

HSBC lowers rates across residential and buy-to-let ranges

HSBC UK is reducing a broad range of residential and buy-to-let mortgage rates, with...

UTB backs calls for homebuying reform

United Trust Bank has backed calls from the Housing Select Committee for a legal...

InterBay completes £17.5m remortgage on SE rental scheme

InterBay has completed a £17.5m interest-only remortgage on a new residential apartment development in...

OneDome commits £5m to broker growth programme

OneDome has launched a Growth Accelerator programme for members of the Mortgage Intelligence network,...

Jeremy Duncombe to retire as the Yorkshire reshapes homes division

Jeremy Duncombe is to retire from Yorkshire Building Society after supporting a transition that...

Latest publication

Other news

When the market gets messy, control matters more than ever

There is a tendency to look at the current market and focus purely on...

HSBC lowers rates across residential and buy-to-let ranges

HSBC UK is reducing a broad range of residential and buy-to-let mortgage rates, with...

UTB backs calls for homebuying reform

United Trust Bank has backed calls from the Housing Select Committee for a legal...