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Thursday, October 27, 2016

Estate agents see return of buyers

September's UK Housing Market Report from the National Association of Estate Agents shows -
  • Buyer demand up 16% ( 333 prospective buyers per branch, up from 287 )
  • Supply down ( properties available per branch 40, down from 41 )
  • Sales to first time buyers (FTBs) down ( 23% of sales, down from 28% )

NAEA M.D, Mark Hayward, comments : 

“This month’s report proves that buyer confidence is growing, which is obviously reassuring, given that we expected uncertainty following Brexit. Although supply has dropped marginally, this does not concern us as it’s still higher than the levels we saw between April and July. However, it is worrying that the number of sales being made to FTBs has fallen to the lowest number in 10 months. The fact the Government’s Help to Buy housing scheme is due to close this year might pose more of a challenge for those who were relying on this to help get their foot on the property ladder. We now look ahead to the Autumn Statement and look forward to seeing what plans the Government puts in place to assist FTBs towards their goal of homeownership.”
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