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Friday, March 31, 2017

NAEA agents see strong February sales

The  National Association of Estate Agents have published their members survey for February 2017. 

The agents association report that during February 2017  -
  • Branches completed an average of 11 property sales, a ten year high.
  • 74% of property sales were at below asking price. 
  • First time buyers were thin on the ground, making up just 22 % of sales. 
  • Branches had an average of 44 properties on their books; up from 38 in January, and 35 back in February 2016.
  • Branches had an average of 425 buyers on their books; the same as January.
Mark Hayward from NAEA comments 

“The number of sales agreed reaching a 10 year high indicates the housing market is moving in the right direction. However, FTBs need to be a priority – the number of sales made to the group dipped in February when it should be growing. As house prices continue to rise, the market’s most vulnerable buyers are being priced out and the only way to address this is to increase housing stock” 

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