NAEA releases housing figures
The National Association of Estate Agents (NAEA) has posted its latest figures – which may be of interest to those deciding whether to build a conservatory or pool house.
According to the body, there has been a drop in the number of potential buyers registered with its members between July and August.
Last month saw each agent have an average of 238 house hunters on its books – lower than the previous average of 292.
Furthermore, the volume of agreed sales per branch fell from 8.6 to 7.6 over the same time frame.
However, the typical number of available properties rose from 59 to 64, while the percentage of first-time buyers rose to 36 per cent from 22 per cent.
Commenting, NAEA regional chairman for Greater Birmingham Mark Bentley stated August is traditionally a quieter month due to holidays.
"Buyers are realising that if they wish to purchase a property at a good competitive price they need to get a move on this late summer/autumn," he stated.
Meanwhile, fish4 recently suggested buyer confidence was starting to return to the market.