Sales remained strong in September: NAEA

Published on

The number of house hunters fell for the second consecutive month in September, according to the National Association of Estate Agents (NAEA).

Its market report for September showed a slight fall in the number of house hunters registering with an agent across the country. The figure declined from 250 in August to 247 in September as an average per branch.

The number of houses available for sale increased from 69 per branch in August to 72 in September while the number of sales remained the same at 7 per branch on average.

The percentage of sales made to first time buyers dropped from 21% in August to 20% in September, suggesting that this group continues to encounter difficulty in obtaining a mortgage.

NAEA president Michael Jones said: “It is good to see that sales have remained consistent but the drop in the number of first time buyers is still a concern.

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

Mortgage industry rallies behind Christmas charity concert

Momentum is building fast behind this year’s Christmas charity concert in aid of EveryYouth...

First-time buyers put at the heart of Treasury mortgage talks

The government will urge lenders to put first-time buyers at the top of their...

Target urges lenders to treat mortgage servicing as a strategic asset

Target Group has called on mortgage lenders to rethink their approach to servicing, arguing...

Heron Financial launches AI training cohort and ethics committee

Heron Financial has launched an artificial intelligence training programme for staff alongside the creation...

Lenders still holding back SME acquisitions, survey finds

Commercial brokers continue to face limited options from lenders when it comes to funding...

Latest publication

Other news

Mortgage industry rallies behind Christmas charity concert

Momentum is building fast behind this year’s Christmas charity concert in aid of EveryYouth...

First-time buyers put at the heart of Treasury mortgage talks

The government will urge lenders to put first-time buyers at the top of their...

Target urges lenders to treat mortgage servicing as a strategic asset

Target Group has called on mortgage lenders to rethink their approach to servicing, arguing...